[Code of Federal Regulations]

[Title 42, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR51c.506]



[Page 188]

 

                         TITLE 42--PUBLIC HEALTH

 

    CHAPTER I--PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN 

                                SERVICES

 

PART 51c_GRANTS FOR COMMUNITY HEALTH SERVICES--Table of Contents

 

      Subpart E_Acquisition and Modernization of Existing Buildings

 

Sec. 51c.506  Use of grant funds.



    Grant funds may be used to amortize the principal of or pay interest 

on a loan or mortgage on an existing building acquired under this part, 

including a building purchased by a grantee prior to the promulgation of 

this part, but only if the building is being used for the purposes of 

section 330 and complies with the applicable provisions of this subpart 

and only to the extent the Secretary finds such principal amounts and 

interest rates to be reasonable.



[41 FR 5700, Dec. 30, 1976]