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.
authority: The Small Business Jobs Act of 2010, Pub. L. 111-240, §§ 1134 and 1703;
12 U.S.C. 4713a.
source: 78 FR 8310, Feb. 5, 2013, unless otherwise noted.
cite as: 12 CFR 1808.309