13 CFR 120.871

§ 120.871 Leasing part of Project Property to another business.

United States · 13 CFR — Business Credit and Assistance · Status: effective

Cite this

Citation: 13 CFR 120.871, § 120.871 Leasing part of Project Property to another business, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52238
Permanent ID: ys:prov:52238@1
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Full text

(a) The costs of interior finishing of space to be leased out to another business are not eligible Project costs. (b) Third-party loan proceeds used to renovate the leased space do not count towards the 504 first mortgage requirement or the Borrower's contribution.

Legislative history

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