2021 US Code
Title 43 - Public Lands
Chapter 42 - Rural Water Supply
Subchapter II - Twenty-First Century Water Works
Sec. 2422 - Project eligibility
| 43 U.S.C. § 2422 (2021) |
| §2422. Project eligibility |
|
(a) Eligibility criteria
(1) In general
The Secretary shall develop and publish in the Federal Register criteria for determining the eligibility of a project for financial assistance under section 2423 of this title. Eligibility criteria shall include— (A) submission of an application by the lender to the Secretary; (B) demonstration of the creditworthiness of the project, including a determination by the Secretary that any financing for the project has appropriate security features to ensure repayment; (C) demonstration by the non-Federal borrower, to the satisfaction of the Secretary, of the ability of the non-Federal borrower to repay the project financing from user fees or other dedicated revenue sources; (D) demonstration by the non-Federal borrower, to the satisfaction of the Secretary, of the ability of the non-Federal borrower to pay all operations, maintenance, and replacement costs of the project facilities; and (E) such other criteria as the Secretary determines to be appropriate. The Secretary may waive any of the criteria in subsection (a)(2) that the Secretary determines to be duplicative or rendered unnecessary because of an action already taken by the United States. (c) Projects previously authorizedA project that was authorized for construction under Federal reclamation laws prior to December 22, 2006, shall be eligible for assistance under this subchapter, subject to the criteria established by the Secretary under subsection (a). (d) Criteria for rural water supply projectsA rural water supply project that is determined to be feasible under section 2405 of this title is eligible for a loan guarantee under section 2423 of this title. |
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(Pub. L. 109–451, title II, §203, Dec. 22, 2006, 120 Stat. 3357.) |
| United States Code, 2018 Edition, Supplement 3, Title 43 - PUBLIC LANDS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 43 - PUBLIC LANDS CHAPTER 42 - RURAL WATER SUPPLY SUBCHAPTER II - TWENTY-FIRST CENTURY WATER WORKS Sec. 2422 - Project eligibility |
| section 2422 |
| 2021 |
| January 3, 2022 |
| No |
| standard |
| 120 Stat. 3357 |
| Public Law 109-451 |
