(a) Grant approval. FmHA or its successor agency under Public Law 103-354 State Directors are authorized to approve grants made in accordance with this subpart and subpart A of part 1901 of this chapter.
(b) Fund obligation and approval announcement. Funds will be obligated and approval announcement made in accordance with the provisions of Sec. 1942.5(d) of subpart A of part 1942 of this chapter.
(c) Third party financial assistance. Approval of a grant to an applicant who will use grant funds to provide financial assistance to a third party does not constitute approval of the projects financed by the grantee. The review, approval and disbursement of funds for specific projects financed by grantees will be completed in accordance with applicable sections of this subpart.
(d) Grant servicing. Grants will be serviced in accordance with 7 CFR part 1951, subparts E and O and the Departmental Grants and Agreements Regulations as currently codified in 2 CFR parts 400, 415, 417, 418, and 421. The only exception is that the delegation of post-award servicing does not require the prior approval of the Administrator. [45 FR 73637, Nov. 6, 1980, as amended at 47 FR 36413, Aug. 20, 1982; 53 FR 30250, Aug. 11, 1988; 79 FR 76009, Dec. 19, 2014] Secs. 1942.317-1942.320 [Reserved]