Eligible uses of Bond Loan proceeds.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) To pay reasonable transaction fees and expenses of the Qualified Issuer, its (ii) To pay reasonable transaction fees and expenses of the Master Servicer/Trustee, its advisors and consultants, related to the Bond issuance; and (iii) To pay reasonable transaction fees and expenses of the Eligible CDFI, its advisors and consultants, related to the making of the Bond Loan. (2) Any fees and expenses arising out of each transaction which, in the aggregate, exceed the one percent limit on Bond Issuance Fees payable from Bond Loan proceeds must be paid by the Eligible CDFI from monies other than Bond Loan proceeds. (c)

official document · source cfr-2024 · id 12:§ 1808.304