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Federal Register / Vol. 86, No. 37 / Friday, February 26, 2021 / Rules and Regulations Principles, and Audit Requirements for Federal Awards, codified in 2 CFR part 200. Note that this part will apply to ALL grant funds of an Awardee, regardless of the entity status or type of organization.
2 All Awardees must repay the grant if the project is sold or transferred without receiving written approval from RUS during the service obligation of the grant.
c Substitution of Collateral and Irrevocable Letter of Credit1 Loans and combination loan and grant. The Agencys standard loan/grant documents require that applicants pledge all assets and revenues of their operations as collateral. Applicants may propose other forms of collateral as long as the amount of the collateral is equal to the full amount of the loan. The collateral must be pledged to the Agency. Acceptable forms of substitute collateral are limited to following:
Certificates of Deposit, with the Agency named as the beneficiary on the certificate, or Bonds with a AAA rating from an accredited rating agency. All other conditions of the standard loan documents will apply. A copy of the Substitution Documents can be found on the Agencys web page.
2 Grants. For grant-only applications, applicants may request that standard grant security arrangements be replaced with an Irrevocable Letter of Credit ILOC, to ensure that the project is completed.
The ILOC must be for the full amount of funding requested and must remain in place until project completion. If an ILOC is offered as security, applicants will not be required to provide financial projections, meet any financial ratios requirements as part of the application process, or submit the maps for their NFSAs. Although the ILOC will replace security for the grant security arrangements, all other requirements of the standard grant agreement will remain the same. A copy of the ILOC
award documents can be found on the Agencys web page.

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1740.45

Advance of funds.

RUS loan and grant advances are made at the request of the Awardee according to the procedures stipulated in the Award Documents. All non-RUS
funds, to include matching funds and cash provided in lieu of RUS loan funds, must be expended first, followed by loan funds and then grant funds, except for RUS-approved preapplication expenses. RUS may modify this requirement in the Federal Register or applicable funding opportunity notice. Grant funds, if any, will be used for eligible preapplication expenses
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only on the first advance request.
Applications that do not account for such advance procedures in the pro forma five-year forecast may be rejected.
1740.46

Buy American requirement.

Awardees shall use in connection with the expenditure of loan and grant funds only such unmanufactured articles, materials, and supplies, as have been mined or produced in the United States or in any eligible country, and only such manufactured articles, materials, and supplies as have been manufactured in the United States or in any eligible country, substantially all from articles, materials, or supplies mined, produced, or manufactured, as the case may be, in the United States or in any eligible country. For purposes of this section, an eligible country is any country that applies with respect to the United States an agreement ensuring reciprocal access for United States products and services and United States suppliers to the markets of that country, as determined by the United States Trade Representative. The Buy American regulations may be found at, and any requests for waiver must be submitted pursuant to, 7 CFR part 1787.
1740.471740.58

Reserved
Subpart EApplication Submission and Evaluation 1740.59

Application submission.

a Applications must be submitted through the Agencys online application system.
b The Agency may publish additional application submission requirements in a notice in the Federal Register.
c Unless otherwise identified in the notice, applicants can only submit one application under any funding window.
1740.60 Elements of a complete application.

a Online application system. All applications under this regulation must be submitted through the RUS Online Application System located on the Agencys web page. Additional information can be found in the Application Guide found on the Agencys web page.
b Dun and Bradstreet Universal Numbering System DUNS Number. All applicants must register for a DUNS
number, or other Government nonproprietary identifier as part of the application process. The applicant can obtain the DUNS number free of charge by calling Dun and Bradstreet. Go to https fedgov.dnb.com/webform for more information on assignment of a DUNS number or confirmation. DUNS

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numbers of parent or affiliated operations cannot be substituted for the applicant. If a DUNS number is not provided, the application cannot be considered for an award.
c System for Award Management SAM. Prior to submitting an application, the applicant must also register in SAM at https www.sam.gov/
SAM/ and supply a Commercial and Government Entity CAGE Code number as part of the application. SAM
registration must be active with current data at all times, from the application review throughout the active Federal award funding period. To maintain active SAM registration, the applicant must review and update the information in the SAM database annually from the date of initial registration or from the date of the last update. The applicant must ensure that the information in the database is current, accurate, and complete. If the CAGE Code of the applicant is not included in the application, the application will not be considered for an award.
d Contents of the application. A
complete application will include the following information as requested in the RUS Online Application System and application guide:
1 General information on the applicant and the project including:
i A description of the project, that will be made public, consistent with the requirements herein; and ii The estimated dollar amount of the funding request.
2 An executive summary that includes, but is not be limited to, a detailed description of existing operations, discussion about key management, description of the workforce, description of interactions between any parent, affiliated or subsidiary operation, a detailed description of the proposed project, and the source of the matching and other funds;
3 A description of the PFSA
including the number of premises passed;
4 Subscriber projections including the number of subscribers for broadband, video and voice services and any other service that may be offered. A
description of the proposed service offerings and the associated pricing plan that the applicant proposes to offer;
5 A map, utilizing the RUS mapping tool located on the Agencys web page, of the PFSAs identifying the areas without sufficient access to broadband and any NFSA of the applicant. If an applicant has multiple NFSAs, they can elect to submit each NFSA individually or they can submit them as a single file through the mapping tool;

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