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e-CFR data is current as of February 23, 2021 |
Title 7 → Subtitle B → Chapter XVII → Part 1780 → Subpart B → §1780.42 |
Title 7: Agriculture
PART 1780—WATER AND WASTE LOANS AND GRANTS
Subpart B—Loan and Grant Application Processing
§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.