{"data":{"id":"us/33-cfr-386.12","jurisdiction":"us","citation":"33 CFR 386.12","heading":"Term sheets and approvals.","body":"(a) The Corps, after review and evaluation of an application, and all other required documents submitted by a prospective borrower, may offer to such prospective borrower a written term sheet and/or a credit agreement, including detailed terms and conditions that must be met.\n(b) The issuance of a term sheet, upon execution by the Secretary, does not constitute a commitment by the Secretary to enter into the Loan Agreement or Loan Guarantee Agreement. Execution of the Loan Agreement or Loan Guarantee Agreement represents obligation by the Secretary.","path":["Title 33—Navigation and Navigable Waters","CHAPTER II—CORPS OF ENGINEERS, DEPARTMENT OF THE ARMY, DEPARTMENT OF DEFENSE","PART 386—CREDIT ASSISTANCE FOR WATER RESOURCES INFRASTRUCTURE PROJECTS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-33.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:35Z","sha256":"a7b15518fd621b7aa050a222e5c6895a0a5e4f487d10b16fe84389d4c50e5fa8","source_id":"us-cfr","stale":true,"prev":"us/33-cfr-386.11","next":"us/33-cfr-386.13"},"notice":"GroundRules: Original legal text. Not legal advice."}