(a) Preapplications and applications.(1) The application review and approval procedures outlined in Sec. 1942.2 will be followed as appropriate. The applicant shall use Standard Form (SF) 424, ``Application for Federal Assistance,'' and SF 424-A, ``Budget Information for Non-Construction Programs,'' and SF 424-B, ``Assurance Agreement for Non-Construction Programs,'' or SF 424-C, ``Budget Information for Construction Programs,'' and SF 424-D, ``Assurance Agreement for Construction Programs,'' as applicable, when requesting financial assistance under this program.
(1) The application review and approval procedures outlined in Sec. 1942.2 will be followed as appropriate. The applicant shall use Standard Form (SF) 424, ``Application for Federal Assistance,'' and SF 424-A, ``Budget Information for Non-Construction Programs,'' and SF 424-B, ``Assurance Agreement for Non-Construction Programs,'' or SF 424-C, ``Budget Information for Construction Programs,'' and SF 424-D, ``Assurance Agreement for Construction Programs,'' as applicable, when requesting financial assistance under this program.
(2) Each application for assistance will be carefully reviewed in accordance with the priorities established in Sec. 1942.305(b)(3) of this subpart. A priority rating will be assigned to each application. Applications selected for funding will be based on the priority rating assigned each application and the total funds available. All applications submitted for funding should contain sufficient information to permit FmHA or its successor agency under Public Law 103-354 to complete a thorough priority rating.
(b) Review of decision. When the District Director is informed that favorable action will not be taken on a preapplication or application, the applicant will be notified in writing of the reasons why the request was not favorably considered. The notification to the applicant will state that a review of this decision by FmHA or its successor agency under Public Law 103-354 may be requested by the applicant in accordance with subpart B of part 1900 of this chapter. [45 FR 73637, Nov. 6, 1980, as amended at 50 FR 33332, Aug. 19, 1985; 53 FR 30249, Aug. 11, 1988; 55 FR 135, Jan. 3, 1990; 57 FR 33101, July 27, 1992; 79 FR 76009, Dec. 19, 2014] Sec. 1942.312 [Reserved]