12 CFR 1808.309

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

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 1808.309, § 1808.309 Restrictions on uses of Bond Proceeds and Bond Loan proceeds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51388
Permanent ID: ys:prov:51388@1
SHA-256: aeac6188993e88d95cfa3bcca5f4fee0919b29d82c4da15075720f35b7f2c11b

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Full text

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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.