[Code of Federal Regulations] [Title 7, Volume 11] [Revised as of January 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 7CFR1703.10] [Page 24-26] TITLE 7--AGRICULTURE CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE PART 1703--RURAL DEVELOPMENT--Table of Contents Subpart B--Rural Economic Development Loan and Grant Program Sec. 1703.10 Purpose. Subpart A [Reserved] Subpart B--Rural Economic Development Loan and Grant Program Sec. 1703.10 Purpose. 1703.11 Policy. 1703.12 Definitions. 1703.13 Source of funds. 1703.14 Disposition of funds in the subaccount. 1703.15 [Reserved] 1703.16 Eligibility. 1703.17 Uses of zero-interest loans and grants. 1703.18 Types of projects eligible for grant funding. 1703.19 General requirements for grant funding. 1703.20 Ineligible uses of zero-interest loans and grants. 1703.21 Limitations on the use of zero-interest loan and grant funds. 1703.22 Revolving loan program. 1703.23 Supplemental funds requirements for zero-interest loans and grants. 1703.24 [Reserved] 1703.25 Significance of RUS financing to the total project cost. 1703.26 [Reserved] 1703.27 Owner's equity in the project. 1703.28 Maximum and minimum sizes of a zero-interest loan or grant application. [[Page 25]] 1703.29 Terms of zero-interest loan repayment. 1703.30 Approval of agreements. 1703.31 Transfer of employment or business. 1703.32 Environmental requirements. 1703.33 Other considerations. 1703.34 Applications. 1703.35 Section of the application covering the selection factors. 1703.36 Section of the application covering the project description. 1703.37 Section of the application covering the environmental impact of the project. 1703.38-1703.44 [Reserved] 1703.45 Review and analysis of applications. 1703.46 Documenting the evaluation and selection of applications for zero-interest loans and grants. 1703.47-1703.57 [Reserved] 1703.58 Post selection period. 1703.59 Final application processing and legal documents. 1703.60 [Reserved] 1703.61 Disbursement of zero-interest loan and grant funds. 1703.62-1703.65 [Reserved] 1703.66 Review and other requirements. 1703.67 Changes in project objective or scope. 1703.68 Loan and grant termination provisions. 1703.69-1703.79 [Reserved] Subpart C--Rural Business Incubator Program [Reserved] 1703.80-1703.99 [Reserved] Subpart D--Distance Learning and Telemedicine Loan and Grant Program-- General 1703.100 Purpose. 1703.101 Policy. 1703.102 Definitions. 1703.103 Applicant eligibility and allocation of funds. 1703.104 [Reserved] 1703.105 Processing of selected applications. 1703.106 Disbursement of loans and grants. 1703.107 Reporting and oversight requirements. 1073.108 Audit requirements. 1703.109 Grant and loan administration. 1703.110 Changes in project objectives or scope. 1703.111 Grant and loan termination. 1703.112 Expedited telecommunications loans. 1703.113-1703.119 [Reserved] Subpart E--Distance Learning and Telemedicine Grant Program 1703.120 [Reserved] 1703.121 Approved purposes for grants. 1703.122 Matching contributions. 1703.123 Nonapproved purposes for grants. 1703.124 Maximum and minimum grant amounts. 1703.125 Completed application. 1703.126 Criteria for scoring grant applications. 1703.127 Application selection provisions. 1703.128 Submission of applications. 1703.129 Appeals. Subpart F--Distance Learning and Telemedicine Combination Loan and Grant Program 1703.130 Use of combination loan and grant. 1703.131 Approved purposes for a combination loan and grant. 1703.132 Nonapproved purposes for a combination loan and grant. 1703.133 Maximum and minimum amounts. 1703.134 Completed application. 1703.135 Application selection provisions. 1703.136 Submission of applications. 1703.137 Appeals. 1703.138-1703.139 [Reserved] Subpart G--Distance Learning and Telemedicine Loan Program 1703.140 Use of loan funds. 1703.141 Approved purposes for loans. 1703.142 Nonapproved purposes for loans. 1703.143 Maximum and minimum amounts. 1703.144 Completed application. 1703.145 Application selection provisions. 1703.146 Submission of applications. 1703.147 Appeals. Subpart H--Deferments of RUS Loan Payments for Rural Development Projects 1703.300 Purpose. 1703.301 Policy. 1703.302 Definitions and rules of construction. 1703.303 Eligibility criteria for deferment of loan payments. 1703.304 Restrictions on the deferment of loan payments. 1703.305 Requirements for deferment of loan payments. 1703.306 Limitation on funds derived from the deferment of loan payments. 1703.307 Uses of the deferments of loan payments. 1703.308 Amount of deferment funds available. 1703.309 Terms of repayment of deferred loan payments. 1703.310 Environmental considerations. 1703.311 Application procedures for deferment of loan payments. 1703.312 RUS review requirements. 1703.313 Compliance with other regulations. Authority: 7 U.S.C. 901 et seq. and 950aaa et seq. [[Page 26]] Source: 54 FR 6870, Feb. 15, 1989, unless otherwise noted. Redesignated at 55 FR 39394, Sept. 27, 1990. Subpart A [Reserved] Source: 57 FR 44317, Sept. 25, 1992, unless otherwise noted. (a) This subpart sets forth RUS's policies and procedures for making zero-interest loans and grants to borrowers in accordance with the cushion of credit payments program authorized in section 313 of the Act (7 U.S.C. 940c). (b) The zero-interest loans and grants are provided for the purpose of promoting rural economic development and job creation projects.