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LIVE USDA/Special Assets Unit Meeting Hawk Cove, Tx

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7,615 views555likes2:54:23OttotheWatchdogOriginal Release: 2026-07-23

When a municipality defaults on a federal loan, the Special Assets Unit (SAU) of USDA Rural Development intervenes to help resolve the debt through reamortization, which requires the city to demonstrate severe financial hardship, correct management deficiencies, maintain reasonable rates, and show repayment ability; the process involves presenting financial data, rate studies, and facility assessments to the council before the SAU can approve restructuring options.