Approved purposes for loans.

CFR · 2024-01-01 · US · Title 7

The following are approved purposes for loans: (a) Acquiring, by lease or purchase, eligible equipment or facilities as defined in § 1734.3; (b) Acquiring instructional programming; (c) Providing technical assistance and instruction for using eligible equipment, including any related software; developing instructional programming; providing engineering or environmental studies relating to the establishment or expansion of the phase of the project that is being financed with the loan (financial assistance for this purpose shall not exceed 10 percent of the requested financial assistance); (d) Paying for medical or educational equipment and facilities which are shown to be necessary to implement the project, including vehicles utilizing distance learning and telemedicine technology to deliver educational and health care services. The applicant must demonstrate that such items are necessary to meet the purposes under this subpart and financial assistance for such equipment and facilities is not available from other sources at a cost which would not adversely affect the economic viability of the project; (e) Providing links between teachers and students or medical professionals who are located at the same facility, provided that such facility receives or provides distance learning or telemedicine services as part of a distance learning or telemedicine network which meets the purposes of this subpart; (f) Providing for site development and alteration of buildings in order to meet

official document · source cfr-2024 · id 7:§ 1734.41