7 CFR 1780.42 - Transfer of obligations.

Regulations last checked for updates: Oct 18, 2024

Title 7 - Agriculture last revised: Oct 11, 2024

§ 1780.42 - Transfer of obligations.

An obligation of funds established for an applicant may be transferred to a different (substituted) applicant provided:

(a) The substituted applicant is eligible and has the authority to receive the assistance approved for the original applicant; and

(b) The need, purpose(s) and scope of the project for which RUS funds will be used remain substantially unchanged.

authority: 5 U.S.C. 301; 7 U.S.C. 1989; 16 U.S.C. 1005.

source: 62 FR 33478, June 19, 1997, unless otherwise noted.

cite as: 7 CFR 1780.42