Regulations last checked for updates: Feb 22, 2025

Title 12 - Banks and Banking last revised: Jan 27, 2025
§ 1805.802 - Payment of funds.

Assistance provided pursuant to this part may be provided in a lump sum or over a period of time, as determined appropriate by the CDFI Fund. The CDFI Fund shall not provide any assistance under this part until a Recipient has satisfied any required conditions set forth in its Assistance Agreement and, if the Recipient is to receive financial assistance, the Recipient has secured in-hand and/or firm commitments for the matching funds required for such assistance pursuant to the applicable Notice of Funds Availability.

source: 80 FR 52382, Aug. 31, 2015, unless otherwise noted.
cite as: 12 CFR 1805.802