7 CFR § 1783.1 - What is the purpose of the Revolving Fund Program?

---
identifier: "/us/cfr/t7/s1783.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1783.1 - What is the purpose of the Revolving Fund Program?"
title_number: 7
title_name: "Agriculture"
section_number: "1783.1"
section_name: "What is the purpose of the Revolving Fund Program?"
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1783"
part_name: "REVOLVING FUNDS FOR FINANCING WATER AND WASTEWATER PROJECTS (REVOLVING FUND PROGRAM)"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1926 (a)(2)(B)."
regulatory_source: "69 FR 59772, Oct. 6, 2004, unless otherwise noted."
cfr_part: "1783"
---


# 1783.1 What is the purpose of the Revolving Fund Program?

This part sets forth the policies and procedures for making grants to qualified private, non-profit entities to capitalize revolving funds for the purpose of providing financing to eligible entities for pre-development costs associated with proposed water and wastewater projects or with existing water and wastewater systems, and short-term costs incurred for replacement equipment, small-scale extension of services, or other small capital projects that are not part of the regular operations and maintenance activities of existing water and wastewater systems. An eligible entity is permitted to use up to 10 percent of the amount provided under this part to construct, improve, or acquire broadband infrastructure related to the project financed, subject to the requirements of 7 CFR part 1980, subpart M.

[85 FR 57081, Sept. 15, 2020]