{"data":{"id":"us/7-cfr-1734.6","jurisdiction":"us","citation":"7 CFR 1734.6","heading":"Disbursement of loans and grants.","body":"(a) For financial assistance of $100,000 or greater, prior to the disbursement of a grant and a loan, the recipient, if it is not a unit of government, will provide evidence of fidelity bond coverage as required by 2 CFR part 200, which is adopted by USDA through 2 CFR part 400.\n(b) Grants and loans will be disbursed to recipients on a reimbursement basis, or with unpaid invoices for the eligible purposes contained in this subpart, by the following process:\n(1) An SF 270, “Request for Advance or Reimbursement,” will be completed by the recipient and submitted to RUS not more frequently than once a month;\n(2) RUS will review the SF 270 for accuracy when received and will schedule payment if the form is satisfactory. Payment will ordinarily be made within 30 days; and\n(c) The recipient's share in the cost of the project must be disbursed in advance of the loan and grant, or if the recipient agrees, on a pro rata distribution basis with financial assistance during the disbursement period. Recipients will not be permitted to provide their contributions at the end of the project.\n(d) A combination loan and grant will be disbursed on a pro rata basis based on the respective amounts of financial assistance provided.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","PART 1734—DISTANCE LEARNING AND TELEMEDICINE LOAN AND GRANT PROGRAMS","Subpart A—Distance Learning and Telemedicine Loan and Grant Program—General"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"b9ff4ab9537cc4fd0bbf0ec157f4480693e6c3b97a126d7a8e0a73311035dc04","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1734.5","next":"us/7-cfr-1734.7"},"notice":"GroundRules: Original legal text. Not legal advice."}