§ 1808.309 - Restrictions on uses of Bond Proceeds and Bond Loan proceeds.

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Pursuant to 12 U.S.C. 47123a(c)(5), Bond Loan proceeds shall not be used for:

Political activities;

Lobbying, whether directly or through other parties;

Outreach;

Counseling services;

Travel expenses;

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;

To fund the Risk-Share Pool;

To pay fees other than Bond Issuance Fees; or

Any other use as may be specified in the applicable Notice of Guarantee Availability.