Other Federal, State, and local requirements.

Borrowers are required to comply with all applicable: (a) Federal, State, or local laws; (b) Regulatory commission rules; and (c) Regulations which are presently in existence, or which may be later adopted including, but not limited to, those governing the following: (1) Borrowing money, pledging security, and raising revenues for repayment of debt; (2) Accounting and financial reporting; and (3) Protection of the environment.