Section 1780.41 - Loan or grant approval(a) The processing office will submit the following to the approval official: (1) Form RD 1942-45, "Project Summary";(2) Form RD 442-7, "Operating Budget";(3) Form RD 442-3, "Balance Sheet" or a financial statement or audit that includes a balance sheet;(4) Form RD 442-14, "Association Project Fund Analysis";(5) "Letter of Conditions";(6) Form RD 1942-46, "Letter of Intent to Meet Conditions";(7) Form RD 1940-1, "Request for Obligation of Funds";(8) Completed environmental review documents including copies of public notices and appropriate proof of publication, if applicable; and(9) Grant determination, if applicable.(b) Approval and applicant notification will be accomplished by mailing to the applicant on the obligation date a copy of Form RD 1940-1. The date the applicant is notified is also the date the interest rate at loan approval is established.62 FR 33478, June 19, 1997, as amended at 63 FR 68655, Dec. 11, 1998