# 7 C.F.R. § 1942.111 (2026): Applicant eligibility

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_111

## Section

- **Citation:** 7 C.F.R. § 1942.111 (2026)
- **Heading:** Applicant eligibility
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 7 CFR: Agriculture / Chapter XVIII: RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE / Part 1942: ASSOCIATIONS / Subpart C: Fire and Rescue and Other Small Community Facilities Projects / § 1942.111: § 1942.111   Applicant eligibility.

## Text

(a)
General.
Loans under this subpart are subject to the provisions of § 1942.17(b) of subpart A of this part 1942.
(b)
Credit elsewhere determinations.
The approval official must determine whether financing from commercial sources at reasonable rates and terms is available. If credit elsewhere is indicated, the approval official should inform the applicant and recommend the applicant apply to commercial sources for financing. To provide a basis for referral of only those applicants who may be able to finance projects through commercial sources, approval officials should maintain liaison with representatives of lenders in the area. The State Director should keep approval officials informed regarding lenders outside the area who might make loans in the area. Approval officials should maintain criteria for determining applications that should be referred to commercial lenders and maintain a list of lender representatives interested in receiving such referrals.
(c)
Public use.
Loans under this subpart are subject to the provisions of § 1942.17(e) of subpart A of this part 1942.
[52 FR 43726, Nov. 16, 1987, as amended at 68 FR 65830, Nov. 24, 2003]

## Nearby sections

- [7 C.F.R. § 1942.101 (2026) § 1942.101   General.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_101.md)
- [7 C.F.R. § 1942.102 (2026) § 1942.102   Nondiscrimination.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_102.md)
- [7 C.F.R. § 1942.103 (2026) § 1942.103   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_103.md)
- [7 C.F.R. § 1942.104 (2026) § 1942.104   Application processing.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_104.md)
- [7 C.F.R. § 1942.105 (2026) § 1942.105   Environmental review requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_105.md)
- [7 C.F.R. § 1942.106 (2026) § 1942.106   Intergovernmental review.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_106.md)
- [7 C.F.R. § 1942.107 (2026) § 1942.107   Priorities.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_107.md)
- [7 C.F.R. § 1942.108 (2026) § 1942.108   Application docket preparation and review.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_108.md)
- [7 C.F.R. § 1942.110 (2026) § 1942.110   Strategic economic and community development.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_110.md)
- [7 C.F.R. § 1942.111 (2026) § 1942.111   Applicant eligibility.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_111.md)
- [7 C.F.R. § 1942.112 (2026) § 1942.112   Eligible loan purposes.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_112.md)
- [7 C.F.R. § 1942.113 (2026) § 1942.113   Rates and terms.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_113.md)
- [7 C.F.R. § 1942.114 (2026) § 1942.114   Security.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_114.md)
- [7 C.F.R. § 1942.115 (2026) § 1942.115   Reasonable project costs.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_115.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T7_P1942_S1942_111. Check the current official text before relying on it. Not legal advice.