[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR573.3]

[Page 194]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 573_LOAN GUARANTEE RECOVERY FUND--Table of Contents
 
Sec. 573.3  Eligible activities.

    Guaranteed Loan Funds may be used by a Borrower for the following 
activities when it is certified in accordance with Sec. 573.6(e) that 
the activity is necessary to address damage caused by an act or acts of 
arson or terrorism as certified in accordance with Sec. 573.6(f):
    (a) Acquisition of improved or unimproved real property in fee or 
under long term lease.
    (b) Acquisition and installation of personal property.
    (c) Rehabilitation of real property owner, acquired, or leased by 
the Borrower.
    (d) Construction, reconstruction, or replacement of real property 
improvement.
    (e) Clearance, demolition, and removal, including movement of 
structures to other sites, of buildings, fixtures and improvements on 
real property.
    (f) Site preparation, including construction, reconstruction, or 
installation of site improvements, utilities, or facilities, which is 
related to the activities described in paragraph (a), (c), or (d) of 
this section.
    (g) Architectural, engineering, and similar services necessary to 
develop plans in connection with activities financed under paragraph 
(a), (b), (c), or (d) of this section.
    (h) Acquisition, installation and restoration of security systems.
    (i) Loans for refinancing existing indebtedness secured by a 
property which has been or will be acquired, constructed, rehabilitated 
or reconstructed, if such financing is determined to be appropriate to 
achieve the objectives of the Act and this part.
    (j) Other necessary project costs such as insurance, bonding, legal 
fees, appraisals, surveys, relocation, closing costs, etc., paid or 
incurred by the Borrower in connection with the completion of the above 
activities.

[61 FR 47405, Sept. 6, 1996, as amended at 62 FR 24574, May 6, 1997]