Cdbg-Dr Subrogation and Assignment Agreement - Missouri

Cdbg-Dr Subrogation and Assignment Agreement is a legal document that was released by the Missouri Department of Economic Development - a government authority operating within Missouri.

FAQ

Q: What is the CDBG-DR Subrogation and Assignment Agreement?A: The CDBG-DR Subrogation and Assignment Agreement is a legal document used in Missouri to transfer certain rights and claims related to disaster recovery funding.

Q: What is CDBG-DR funding?A: CDBG-DR stands for Community Development Block Grant - Disaster Recovery. It is a type of funding provided by the U.S. Department of Housing and Urban Development (HUD) to assist communities in recovering from disasters.

Q: What does subrogation mean?A: Subrogation is the process by which one party steps into the shoes of another party for the purpose of pursuing a claim or right.

Q: What is an assignment agreement?A: An assignment agreement is a legal contract that transfers the rights and obligations of one party to another party.

Q: Who is involved in the CDBG-DR Subrogation and Assignment Agreement?A: The parties involved in the CDBG-DR Subrogation and Assignment Agreement typically include the recipient of the CDBG-DR funds, the subrecipient, and potentially other parties, such as lenders or insurers.

Q: What is the purpose of the CDBG-DR Subrogation and Assignment Agreement?A: The purpose of the agreement is to establish the rights, obligations, and responsibilities of the parties involved in the use and administration of the CDBG-DR funds.

Q: Is the CDBG-DR Subrogation and Assignment Agreement specific to Missouri?A: Yes, the CDBG-DR Subrogation and Assignment Agreement is specific to Missouri and is used in conjunction with the state's disaster recovery programs.