7 CFR 2201.25 - Performance Agreement.

§ 2201.25 Performance Agreement.
(a) The Borrower of a Loan guaranteed under the Program shall enter into a Performance Agreement with the Administrator with respect to the Local Television Broadcast Signals to be provided through the Project.
(b) The Administrator may assess against and collect from a Borrower a penalty not to exceed 3 times the interest accrued on the Loan during the period of noncompliance if the Borrower fails to meet its stipulated Performance Agreement entered into under paragraph (a) of this section.

Title 7 published on 2014-01-01

no entries appear in the Federal Register after this date.

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