№ files_lp_4_process_3_081303
Promissory note issued under the GRRP outlining the obligations of the project owner to pay surplus cash to HUD, including definitions of Surplus Cash, Restricted Surplus Cash, and residual receipts, as well as payment, prepayment, and acceleration terms.
Year: 2026
Jurisdiction: United States
Program: Green and Resilient Retrofit Program (GRRP)
Document Type: Financial Agreement / Promissory Note
Issuing Authority: U.S. Department of Housing and Urban Development (HUD)
Project Name: [INSERT PROJECT NAME]
Project Location: [INSERT PROJECT LOCATION]
Loan Number: GRRP Loan No. [INSERT]
Effective Date: [INSERT DATE]
Interest Rate: 1% per annum
Payment Terms: Annual installments based on Restricted Surplus Cash
Maturity Date: [INSERT MATURITY DATE]
Relevant Legislation: Inflation Reduction Act of 2022, Section 30002, Title III
Price: 8 / 10 USD
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