FORM RD 2006-46 (Rev. 01-98)

U.S. DEPARTMENT OF AGRICULTURE                            MANUAL    ISSUE No.

RURAL DEVELOPMENT                                         WSAL      SPECIAL

Washington, D.C  20250                                    DATE

                                                          June 29, 2007

PROCEDURE NOTICE

EFFECTIVE AS OF 06-29-07

NOTE: This is the result of a Final Rule entitled “Rural Economic Development
      Loan and Grant Programs” published in the Federal Register on May 30, 2007,
      (72 FR 29841) by the Rural Business-Cooperative Service.

RD MANUAL CHANGES

INSERT RD INS 4280-A
(WSAL)

RURAL ECONOMIC DEVELOPMENT LOAN AND GRANT PROGRAMS dated 06-29-07.  This Instruction replaces 7 CFR 1703-B and is written in a format that is simpler in design and should improve ease of use by the public and program beneficiaries.

INSERT
Table of Contents;
Pages 1 thru 38; and
Guides 1 thru 13.

FORMS

  NEW

RD 4280-1
(WSAL)

SURVEY OF RECIPIENTS OF RURAL ECONOMIC DEVELOPMENT LOAN AND GRANT PROGRAM dated 06-07.  Prescribed in RD Instruction 4280-A.  This form will record the success of the project that was financed with either a loan or grant and provides information on the jobs actually created from projects financed under the Rural Economic Development Loan and Grant Program.  This Form and FMI are available on the Rural Development Instructions home page (http://www.rurdev.usda.gov/regs/).  No paper copy distribution of this form will be made, and it will not be stocked in the warehouse.

INSERT
FMI dated 06-29-07.

RD 4280-3
(WSAL)

RURAL ECONOMIC DEVELOPMENT GRANT AGREEMENT dated 06-07.  Prescribed in RD Instruction 4280-A.  This form serves as the signed agreement between the USDA and the Intermediary identifying the terms and conditions to be fulfilled by the Intermediary upon award of a grant under the Rural Economic Development Loan and Grant Program.  This Form and FMI are available on the Rural Development Instructions home page (http://www.rurdev.usda.gov/regs/).  No paper copy distribution of this form will be made, and it will not be stocked in the warehouse.

INSERT
FMI dated 06-29-07.

RD 4280-4
(WSAL)

RURAL ECONOMIC DEVELOPMENT GRANT LETTER OF CONDITIONS dated 06-07.  Prescribed in RD Instruction 4280-A.  The form serves as the signed letter of conditions between the USDA and the Intermediary identifying the terms and conditions to be fulfilled by the RUS Utility upon award of a grant under the Rural Economic Development Loan and Grant Program.  This Form and FMI are available on the Rural Development Instructions home page (http://www.rurdev.usda.gov/regs/).  No paper copy distribution of this form will be made, and it will not be stocked in the warehouse.

INSERT
FMI dated 06-29-07.

RD 4280-5
(WSAL)

RURAL ECONOMIC DEVELOPMENT LOAN AGREEMENT dated 06-07.  Prescribed in RD Instruction 4280-A.  This form serves as the signed agreement between the USDA and the Intermediary identifying the terms and conditions to be fulfilled by the Intermediary upon award of a loan under the Rural Economic Development Loan and Grant Programs.  This Form and FMI are available on the Rural Development Instructions home page (http://www.rurdev.usda.gov/regs/).  No paper copy distribution of this form will be made, and it will not be stocked in the warehouse.

INSERT
FMI dated 06-29-07.

RD 4280-6
(WSAL)

RURAL ECONOMIC DEVELOPMENT GRANT LETTER OF CONDITIONS dated 06-07.  Prescribed in RD Instruction 4280-A.  This form serves as the signed letter of conditions between the USDA and the Intermediary identifying the terms and conditions to be fulfilled by the RUS Utility upon award of a loan under the Rural Economic Development Loan and Grant Program.  This Form and FMI are available on the Rural Development Instructions home page (http://www.rurdev.usda.gov/regs/).  No paper copy distribution of this form will be made, and it will not be stocked in the warehouse.

INSERT
FMI dated 06-29-07.

RD 4280-7
(WSAL) 

PROMISSORY NOTE dated 06-07.  Prescribed in RD Instruction 4280-A.  This form serves as the signed promissory note between USDA and the Intermediary identifying the terms of repayment to be fulfilled by the Intermediary upon award of a loan under the Rural Economic Development Loan and Grant Program.  This Form and FMI are available on the Rural Development Instructions home page (http://www.rurdev.usda.gov/regs/).  No paper copy distribution of this form will be made, and it will not be stocked in the warehouse.

INSERT
FMI dated 06-29-07.

oOo