{"data":{"id":"us/7-cfr-1789.151","jurisdiction":"us","citation":"7 CFR 1789.151","heading":"Definitions.","body":"As used in this part:\nAdministrator means the Administrator of the Rural Utilities Service (RUS).\nApplication means a request for financial assistance under the RE Act or such other approvals as may be required of the RUS pursuant to the terms of outstanding loan or security instruments or otherwise.\nBorrower means any organization which has an outstanding loan(s) made or guaranteed by RUS or its predecessor agency, the Rural Electrification Administration (REA) under the RE Act or any organization which has submitted or submits an Application before RUS.\nConsultant means a person or firm which has been retained pursuant to this subpart under a contract to provide financial, legal, engineering, environmental, or other technical advice and services.\nConsultant Contract means a contract for the performance of consulting services for RUS, to be paid using funds provided by a Borrower, which may be in the form of a Retainer Contract, purchase order, or other form as may be appropriate.\nEscrow Account means an account established pursuant to § 1789.158.\nEscrow Agreement means an agreement, between a Borrower, a Consultant and a Third-party Commercial Institution, meeting the requirements of § 1789.167.\nFinal Invoice means the closing Invoice prepared for a given Task Order.\nFinancial Consultant means a Consultant retained pursuant to this part to provide financial advisory services.\nFunding Agreement means an agreement, between a Borrower and a Consultant, providing for the Borrower to fund the costs of a Task Order and otherwise meeting the requirements of § 1789.166.\nIndemnification Agreement means an agreement by a Borrower meeting the requirements of § 1789.162.\nInvoice means an invoice prepared by a Consultant pursuant to the terms of a Consultant Contract.\nLegal Consultant means any Consultant retained pursuant to this part to provide legal services to RUS.\nNotice of Proposal to Fund means a notice meeting the requirements of § 1789.156 provided to RUS by the Borrower.\nOrganizational conflict of interest means that because of other activities or relationships with other persons, a person is unable or potentially unable to render impartial assistance or advice to the Government, or the person's objectivity in performing the contract work is or might be otherwise impaired, or a person has an unfair competitive advantage.\nRetainer Contract means a Consultant Contract providing for a minimum required payment to a Consultant irrespective of whether services are utilized by RUS thereunder.\nTask Order means a written request for consultant services pursuant to the terms of a Consultant Contract.\nThird-party Commercial Institution means a commercial financial institution mutually acceptable to the Borrower and the Consultant.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","PART 1789—USE OF CONSULTANTS FUNDED BY BORROWERS","Subpart A—Policy and Procedures With Respect to Consultant Services Funded by Borrowers—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":"e0d926ec7970ed786880aab7262e36db663d9ffc307c900661d451cc734de4d7","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1789.150","next":"us/7-cfr-1789.152"},"notice":"GroundRules: Original legal text. Not legal advice."}