7 CFR § 4279.71 - Public bodies and nonprofit corporations.

---
identifier: "/us/cfr/t7/s4279.71"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 4279.71 - Public bodies and nonprofit corporations."
title_number: 7
title_name: "Agriculture"
section_number: "4279.71"
section_name: "Public bodies and nonprofit corporations."
chapter_name: "RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "4279"
part_name: "GUARANTEED LOANMAKING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 7 U.S.C. 1989: 7 U.S.C. 1932(a); and Public Law 116-136, Division B, Title I."
regulatory_source: "61 FR 67633, Dec. 23, 1996, unless otherwise noted."
cfr_part: "4279"
---


# 4279.71 Public bodies and nonprofit corporations.

Audits will be required of any public body, nonprofit corporation or Indian Tribe that receives a guaranteed loan that meets the thresholds established by 2 CFR part 200, subpart F. Any audit provided by a public body, nonprofit corporation, or Indian Tribe required by this paragraph will be considered adequate to meet the audit requirements of the B&I program for that year.