GroundRules
12 CFR 1807.303: Authorized uses of Program Income.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY
- PART 1807—CAPITAL MAGNET FUND
- Subpart C—Eligible Purposes; Eligible Uses; Restrictions
(a) Program Income earned in the form of principal and equity repayments must be used by the Recipient in the manner further set forth in the Assistance Agreement.
(b) Program Income earned in the form of interest payments, and all other forms of Program Income (except for that which is earned as described in paragraph (a) of this section), must be used by the Recipient as set forth in the Assistance Agreement and in accordance with 2 CFR part 200.
Collected 2026-08-27T02:24:16Z. Source file · JSON