[Code of Federal Regulations]
[Title 7, Volume 11]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1781.2]

[Page 1069-1070]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
 
PART 1781--RESOURCE CONSERVATION AND DEVELOPMENT (RCD) LOANS AND WATERSHED (WS) LOANS AND ADVANCES--Table of Contents
 
Sec. 1781.2  Policy.

    (a) Rural Utilities Service (RUS), is an agency of the United States 
Department of Agriculture established pursuant to section 232 of the 
Department of Agriculture Reorganization Act of 1994 (Pub. L. 103-354, 
108 Stat. 3178), successor to the Farmers's Home Administration. Natural 
Resources Conservation Service (NRCS), is an agency of the United States 
Department of Agriculture established pursuant to section 232 of the 
Department of Agriculture Reorganization Act of 1994 (Pub. L. 103-354, 
108 Stat. 3178), successor to the Soil Conservation Service. RUS will 
make WS and RCD loans available to sponsoring local public bodies, 
agencies, and nonprofit organizations to assist them in obtaining the 
local cost of WS works of improvement and RCD measures. Any processing 
or servicing activity conducted pursuant to this part involving 
authorized assistance to RUS employees, members of their families, known 
close relatives, or business or close personal associates, is subject to 
the provisions of subpart D of Part 1900 of this title. Applicants for 
this assistance are required to identify any known relationship or 
association with an RUS employee. RUS will assist the local sponsors and 
the NRCS in making loans from NRCS construction funds as WS advances 
when needed for the development of future water supplies or for site 
preservation.
    (b) Rural Development State and local offices will administer these 
programs on behalf of RUS and will coordinate application processing 
with

[[Page 1070]]

the NRCS and other appropriate State and Federal agencies.