Common use of P urpose Clause in Contracts

P urpose. T h i s s u bp a r t se t s fo r t h t h e policies a n d p r oced ur es t o u se i n se r vici ▇ ▇ ▇ ▇ ▇ ▇ ▇ ▇ P r og r a m lo a n s ( FP ) w h ic h i n- cl u de S of t wood T i m be r ( S T), Ope r a t i n g L o a n (OL), F a r m Ow n e r s h ip ( F O), S oil a n d Wa t e r ( SW), R ▇▇ ▇ ▇ ▇ ▇ io n L o a n ( ▇ ▇), E m e r ge n c y L o a n ( E M), E co n o m ic E m e r ge n c y L o a n ( EE), S peci a l L ive- s t oc k L o a n ( S L), E co n o m ic Oppo r - t un i t y L o a n ( EO), a n d Rur a l Ho u s i n g L o a n fo r fa r m se r vice b u ildi n gs ( R H F ) a cco un t s. T h i s s u ▇▇ ▇ ▇ ▇ ▇ ▇ so a pplies t o Rur a l R e n t a l Ho u s i n g L o a n ( RR H), Rur ▇ ▇ ▇▇▇▇▇ r a t ive Ho u s i n g L o a n ( RCH), La ▇▇ ▇ ▇▇ u s i n g L o a n ( L H), Rur a l Ho u s i n g S i t e L o a n ( R H S), a n d S i t e Op t io n L o a n ( SO) a cco un t s n o t cove r ed un de r t h e ▇ ▇ ▇▇▇ ▇ ▇ ▇ ▇ ▇ ▇ ▇▇ A m - ▇ ▇ ▇ ▇▇▇ t io n S c h ed u le S y s t e m ( P A SS). L o a n s o n P A SS will be a d m i n i s t e r ed un de r s u bp a r t K of p a r t 1951 of t h i s c h a p t e r . Ca ses i n ▇▇▇▇▇ ▇ ▇ un a u t h o r ized

Appears in 1 contract

Sources: Borrower Agreement

P urpose. T h i s s u bp p a r t se i m ple m e n t s fo r t h t h e policies B a n d p r oced se Clo- s ur es t o u se i n se r vici ▇ ▇ ▇ ▇ ▇ ▇ ▇ ▇ P r og r a m lo a n s ( FP ) w h ic h i n- cl u de S of t wood T i m be r ( S T), Ope r a t i n g L o a n (OL), F a r m Ow n e r s h ip ( F O), S oil a n d Wa t e r ( SW), R ▇▇ ▇ ▇ ▇ ▇ io n L o a n ( ▇ ▇), E m e r ge n c y L o a n ( E M), E co n o m ic E m e r ge n c y L o a n ( EE), S peci a l L ive- s t oc k L o a n ( S L), E co n o m ic Oppo r - t Co mm un i t y L o a n ( EO), a n d Rur a l Ho u s i n g L o a n fo r fa r R edevelop m se r vice b u ildi n gs ( R H F ) a cco un t s. T h i s s u ▇▇ ▇ ▇ ▇ ▇ ▇ so a pplies t o Rur a l R e n t a l n d Ho u s i n g L o a n ( RR H), Rur ▇ ▇ m ▇▇▇▇▇ r a t ive Ho u s i n g L o a n ( RCH), La ▇▇ ▇ ▇▇ u s i n g L o a n ( L H), Rur a l Ho u s i n g S i t e L o a n ( R H S), a n d S i t e Op t io n L o a n ( SO) a cco un t s n o t cove r ed un de r t h e ▇ ▇ ▇▇▇ ▇ ▇ ▇ ▇ ▇ ▇ ▇▇ A m - ▇ ▇ ▇ ▇▇▇ t io n S c h ed u le S y s t e m ( P A SS). L o a n s o n P A SS will be a d m i n i s t e r ed un de r s u bp a r t K of p a r t 1951 of t h i s c h a p t e r . Ca ses i n ▇▇▇▇▇ ▇ ▇ un ▇ ▇▇ Ac t ( P u b. L . 103– 421, a pp r oved Oc t obe r 25, 1994). I t de- sc r ibes t h e r ▇▇▇▇ a n d r espo n s ibili t ies of t h e Dep a r t m e n t of Defe n se ( Do D), t h e Dep a r t m e n t of Ho u s i n g a n d U r b a n De- velop m e n t ( HUD), L oc a l R edevelop- m e n t A u t h o r i t ies ( L R As), a n d r ep- r ese n t a t ives of t h e h o m eless i n pl a n- n i n g a n d i m ple m e n t i n g t h e r e u se of do- m es t ic m ili t a ry i n s t a ll a t io n s t h a t a r e a pp r oved fo r clos ur e o r r e a lig n m e n t . S pecific a ll y , t h i s p a r t desc r ibes t h e g u id a n ce Do D a n d HUD p r ovide t o t h e L R A, t h e pl a nn i n g doc u m e n t s t h e L R A develops a n d s u b m i t s t o Do D a n d HUD i n pl a nn i n g t h e r e u se of t h ese i n s t a ll a- t io n s, a n d t h e s t a n d a r ds of r eview t h a t HUD obse r ves w h e n r eviewi n g t h e doc- u m e n t s s u b m i tt ed b y t h e ▇ ▇ ▇. P u b L . 103–421 a u t h o r izedizes HUD t o de t e r m i n e w h e t h e r t h e pl a n fo r t h e r e u se of t h e i n s t a ll a t io n p r oposed b y L R A ▇ ▇ ▇ ▇ ▇ ces t h e co mm un i t y develop m e n t , eco n o m ic r edevelop m e n t a n d o t h e r develop m e n t n ▇▇▇▇ of t h e co mm un i t ies i n t h e vici n- i t y of t h e i n s t a ll a t io n wi t h t h e n ▇▇▇▇ of t h e h o m eless i n t h ose co mm un i t ies.

Appears in 1 contract

Sources: Grant Agreement