{"data":{"id":"us/12-cfr-1808.309","jurisdiction":"us","citation":"12 CFR 1808.309","heading":"Restrictions on uses of Bond Proceeds and Bond Loan proceeds.","body":"Pursuant to 12 U.S.C. 47123a(c)(5), Bond Loan proceeds shall not be used for:\n(a) Political activities;\n(b) Lobbying, whether directly or through other parties;\n(c) Outreach;\n(d) Counseling services;\n(e) Travel expenses;\n(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;\n(g) To fund the Risk-Share Pool;\n(h) To pay fees other than Bond Issuance Fees; or\n(i) Any other use as may be specified in the applicable Notice of Guarantee Availability.","path":["Title 12—Banks and Banking","CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY","PART 1808—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM","Subpart C—Interest Rates; Terms and Conditions of Bonds, Bond Loans, and Secondary Loans"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"9ccebb21047095f383f008ef35920901fcd1ae352a95d8a68400b03c0a3ef927","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1808.308","next":"us/12-cfr-1808.400"},"notice":"GroundRules: Original legal text. Not legal advice."}