StacksVerified U.S. regulatory reference

12 CFR §1808.309

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Pursuant to 12 U.S.C. 47123a(c)(5), Bond Loan proceeds shall not be used for:
  1. (a)Political activities;
  2. (b)Lobbying, whether directly or through other parties;
  3. (c)Outreach;
  4. (d)Counseling services;
  5. (e)Travel expenses;
  6. (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;
  7. (g)To fund the Risk-Share Pool;
  8. (h)To pay fees other than Bond Issuance Fees; or
  9. (i)Any other use as may be specified in the applicable Notice of Guarantee Availability.