[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR308.7]

[Page 503]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 308--REQUIREMENTS FOR ECONOMIC ADJUSTMENT GRANTS--Table of Contents
 
  Subpart B--Special Requirements for Revolving Loan Fund Projects and 
                           Uses of Grant Funds
 
Sec. 308.7  Revolving Loan Funds established for business lending.

    Source: 65 FR 2532, Jan. 18, 2000, unless otherwise noted.


    EDA grants to capitalize or recapitalize Revolving Loan Funds are 
most commonly used for business lending, but may also be established for 
public infrastructure lending or other authorized purposes involving 
lending. The RLF requirements in this subpart B are applicable to RLFs 
established for business lending. Appropriate modifications of these 
requirements will be addressed in special award conditions to 
accommodate non-business RLF awards.