; and (8) for rural development projects, requirements that would apply to a project financed by any of the following programs of the Department of Agriculture: (A) Rural Economic Development Loans & Grants. (B) Community Facilities Direct Loans & Grants. (C) Single- and Multi-Family Housing Repair and Rental Assistance Loans & Grants. (D) Multi-Family Housing Rental Assistance. (E) Electric Infrastructure Loans & Loan Guarantees. (F) Rural Broadband Access, and Telecommunications Infrastructure Loans & Guarantees. (G) Water & Waste Disposal Loans & Grants. (k) State and local permit requirements The provision of assistance by the Board in accordance with this Act shall not be deemed to relieve any recipient of assistance or the related infrastructure project of any obligation to obtain required State and local permits and approvals. 214. Exemption from certain laws (a) No budget authority for contracts or loans Section 504(b) of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661c(b) ) requiring prior budget authority shall not apply to any contract or loan under this Act. (b) No priority as a Federal claim The priority established in favor of the United States by section 3713 of title 31, United States Code, shall not apply with respect to any indebtedness of the Bank. 215. Relations with local financial institutions (a) Complement provision of services Except as provided in subsection (b), the Bank shall conduct loan activities in partnership with local financial institutions and shall not compete with local financial institutions. Partnership may include local banks’ participation in loan requests, loan monitoring, or blended financing of project loans. (b) Exception The Bank may engage in loan activities without partnering with a local financial institution, if those loan activities are not offered or provided by local financial institutions in the jurisdiction where the loan is being provided. (c) Bank as a clearinghouse For local financial institutions that make the Bank a reserve depositary, the Bank may