Part 262 Protection of Archaeological Resources
Part 265 Establishment of Roadless and Wild Areas On Indian Reservations

Terms Used In CFR > Title 25 > Chapter I > Subchapter L

  • Acquisition: means the purchase by an eligible mortgagor of an existing hospital facility and ancillary property associated therewith. See 24 CFR 242.1
  • Affiliate: means a person or entity which, directly orindirectly, either controls or has the power to control or exert significant influence on the other, or a person and entity both controlled by a third person or entity, which may be a parent entity. See 24 CFR 242.1
  • Capital debt: means the outstanding indebtedness used for the construction, rehabilitation, or acquisition of the physical property and equipment of a hospital, including those financing costs approved by HUD. See 24 CFR 242.1
  • Construction: means the creation of a new or replacement hospital facility, the substantial rehabilitation of an existing facility, or the limited rehabilitation of an existing facility. See 24 CFR 242.1
  • Hard costs: means the costs of the construction and equipment, including construction-related fees such as architect and construction manager fees. See 24 CFR 242.1
  • Hospital: means a facility that has been proposed for approval or has been approved by HUD under the provisions of this subpart, and:

    (1) That provides community services for inpatient medical care of the sick or injured (including obstetrical care). See 24 CFR 242.1

  • Limited rehabilitation: means additions, expansion, remodeling, renovation, modernization, repair, and alteration of existing buildings, including acquisition of new or replacement equipment, in cases where the hard costs of construction and equipment are less than 20 percent of the mortgage amount. See 24 CFR 242.1
  • Mortgage: means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate under the laws of the state in which the real estate is located, together with any mortgage note secured thereby. See 24 CFR 242.1
  • Mortgage Reserve Fund: means a trust account, or an account held by the mortgagee, for and on behalf of the mortgagor, to which the mortgagor contributes and from which withdrawals must be approved by HUD. See 24 CFR 242.1
  • Mortgagor: means the original borrower under a mortgage and its successors and assigns. See 24 CFR 242.1
  • Parent: means an organization or entity that controls or has a controlling interest in another organization or entity. See 24 CFR 242.1
  • Refinancing: means the discharging of the existing capital debt of a hospital through entering into new debt. See 24 CFR 242.1
  • Secretary: means the Secretary of Housing and Urban Development or his or her authorized representatives. See 24 CFR 242.1
  • State: includes the several states, Puerto Rico, the District of Columbia, Guam, the Trust Territory of the Pacific Islands, American Samoa, and the United States Virgin Islands. See 24 CFR 242.1
  • Substantial rehabilitation: means additions, expansion, remodeling, renovation, modernization, repair, and alteration of existing buildings, including acquisition of new or replacement equipment, in cases where the hard costs of construction and equipment are equal to or greater than 20 percent of the mortgage amount. See 24 CFR 242.1