Code · BILL · 113th Congress · H.R. 2821 (Introduced in House) — To provide tax relief for American workers and businesses, to put workers back on the job while rebuilding and modern... · Sec. 255

Sec. 255. Compliance and enforcement

124 words·~1 min read·/bill/113/hr/2821/ih/section-255

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Notwithstanding any other provision of law, each eligible entity that receives assistance under this Act from AIFA shall enter into a credit agreement that requires such entity to comply with all applicable policies and procedures of AIFA, in addition to all other provisions of the loan agreement. In any case in which a recipient of assistance under this Act is materially out of compliance with the loan agreement, or any applicable policy or procedure of AIFA, the Board of Directors may take action to cancel unutilized loan amounts, or to accelerate the repayment terms of any outstanding obligation.

Nothing in this Act is intended to affect existing provisions of law applicable to the planning, development, construction, or operation of projects funded under the Act.