Reporting requirements.

CFR · 2024-01-01 · US · Title 12

The Bond Documents and Bond Loan documents shall specify such monitoring and financial reporting requirements as deemed appropriate by the CDFI Fund including, but not limited to the following: (a) (1) Disclose the manner in which Bond Proceeds are used, including providing documentation to demonstrate proceeds of the Bond Loans were used for Eligible Purposes; (2) Demonstrate compliance with the requirements of this part and the Bond Documents; (3) Evaluate the impact of the CDFI Bond Guarantee Program; (4) Ensure the Qualified Issuer meets the performance standards over the life of the facilities; and (5) Accomplish such other purposes that the CDFI Fund may deem appropriate. (b) (c) (2) Qualified Issuers, Eligible CDFIs, Program Administrators, Servicers, the Master Servicer/Trustee, as applicable, must submit such financial and activity reports, records, statements, and documents at such times, in such forms, and accompanied by such reporting data, as required by the CDFI Fund to ensure compliance with the requirements of this interim rule and to evaluate the impact of the CDFI Bond Guarantee Program. (3) The Federal Government, including the U.S. Department of the Treasury, the Comptroller General, and their duly authorized representatives, shall have full and free access to such entities' offices and facilities and all books, documents, records, and financial statements relating to the Guarantee and may copy such documents as they deem appropriate (4) The CDFI Fund, if

official document · source cfr-2024 · id 12:§ 1808.619