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The USDA 70 30 rule, highlighted in USDA RD 4279-1, stipulates that at least 70% of the total project costs must go towards essential project expenses. This rule emphasizes prudent spending and ensures that the majority of the funds are allocated towards tangible project needs. Understanding this rule is vital for anyone seeking USDA financing as it aligns with their funding strategy. If you need guidance, the US Legal Forms platform can help simplify navigating these requirements.
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