Statutes, codes, and regulations
Code of Federal Regulations
Title 7 - AGRICULTURESubtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTUREChapter XVIII - RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURESubchapter H - PROGRAM REGULATIONSPart 1942 - ASSOCIATIONS
Subpart C - FIRE AND RESCUE AND OTHER SMALL COMMUNITY FACILITIES PROJECTS
Section 1942.116 - Economic feasibility requirements

7 C.F.R. § 1942.116

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Current through October 31, 2024
Section 1942.116 - Economic feasibility requirements

All projects financed under this section must be based on taxes, assessments, revenues, fees, or other satisfactory sources of revenues in an amount sufficient to provide for facility operation and maintenance, a reasonable reserve, and debt payment. An overall review of the applicant's financial status, including a review of all assets and liabilities, will be a part of the docket review process by the Agency staff and approval official. All applicants will be expected to provide a financial feasibility report. These financial feasibility reports will normally be:

(a) Included as part of the preliminary engineer/architectural report using guide 6 to subpart A of this part 1942 (available in any RD Office), or
(b) Prepared by the applicant using Form RD 1942-54, "Applicant's Feasibility Report."

7 C.F.R. §1942.116