Double damages.

CFR · 2024-01-01 · US · Title 7

(a) (2) For the purposes of this section, a use of assets or income in violation of the applicable loan, statute, or regulation includes any use for which the (3) For the purposes of this section, the term “person” means: (i) Any individual or entity that borrows funds in accordance with programs authorized by this section; (ii) Any individual or entity holding 25 percent or more interest in any entity that the Agency funds in accordance with programs authorized by this section; and (iii) Any officer, director, or partner of an entity that borrows funds in accordance with programs authorized by this section. (b) (2) Notwithstanding any other provisions of law, the Agency may use amounts recovered under this section for activities authorized under this section and such funds must remain available for such use until expended. (c) (d)

official document · source cfr-2024 · id 7:§ 3560.460