Restrictions on uses of Bond Proceeds and Bond Loan proceeds.

CFR · 2024-01-01 · US · Title 12

Pursuant to 12 U.S.C. 47123a(c)(5), Bond Loan proceeds shall not be used for: (a) Political activities; (b) Lobbying, whether directly or through other parties; (c) Outreach; (d) Counseling services; (e) Travel expenses; (f) For the salaries or administrative costs of the Qualified Issuer or any recipients of Bond Proceeds, other than those costs covered by Bond Issuance Fees; (g) To fund the Risk-Share Pool; (h) To pay fees other than Bond Issuance Fees; or (i) Any other use as may be specified in the applicable Notice of Guarantee Availability.

official document · source cfr-2024 · id 12:§ 1808.309