§ 1808.309. Restrictions on uses of Bond Proceeds and Bond Loan proceeds.

89 words·~1 min read·/us/cfr/t12/s§ 1808.309·

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Pursuant to 12 U.S.C. 47123a(c)(5), Bond Loan proceeds shall not be used for:

(a)Political activities;

(b)Lobbying, whether directly or through other parties;

(c)Outreach;

(d)Counseling services;

(e)Travel expenses;

(f)For the salaries or administrative costs of the Qualified Issuer or any recipients of Bond Proceeds, other than those costs covered by Bond Issuance Fees;

(g)To fund the Risk-Share Pool;

(h)To pay fees other than Bond Issuance Fees; or

(i)Any other use as may be specified in the applicable Notice of Guarantee Availability.

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12 USC 47123a(c)(5)

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§ 1808.309

Restrictions on uses of Bond Proceeds and Bond Loan proceeds.

Cite12 USC 47123a(c)(5)

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