Ineligible projects—general.

CFR · 2024-01-01 · US · Title 7

The Agency will not issue a loan guarantee under this part for any of the projects identified in this section, unless otherwise noted. The following are ineligible projects for the CF, WWD, B&I and REAP programs: (a) Any investment or arbitrage, or any speculative real estate investment other than cooperative stock, transferable stock, cooperative equity in accordance with § 5001.140 and NMTC projects in accordance with § 5001.141. (b) Golf courses and golf course infrastructure, including par-3 and executive golf courses; racetracks or facilities for the conduct of races by animals, professional or amateur drivers or jockeys; for-profit zoos or safaris; and publicly-owned or non-profit amusement parks, water parks, and similar recreational type facilities inherently commercial in nature and primarily used for recreational purposes. (c) Motion pictures and theatrical productions. (d) Funding of political or lobbying activities. (e) Guaranteeing loans made by other Federal agencies, lines of credit, or lease payments. (f) Projects that the Agency determines create, directly or indirectly, a conflict of interest. (g) Properties to be used for primarily commercial rental when the borrower has no control over tenants and services offered, except for industrial-site infrastructure development. (h) Projects that utilize technology, equipment, or systems that are not commercially available. (i) Projects that will violate the requirements of 7 CFR part 1970, or any statutes or Execut

official document · source cfr-2024 · id 7:§ 5001.115