[Code of Federal Regulations]

[Title 45, Volume 4]

[Revised as of October 1, 2005]

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

[CITE: 45CFR1336.76]



[Page 242]

 

                        TITLE 45--PUBLIC WELFARE

 

CHAPTER XIII--OFFICE OF HUMAN DEVELOPMENT SERVICES, DEPARTMENT OF HEALTH 

                           AND HUMAN SERVICES

 

PART 1336_NATIVE AMERICAN PROGRAMS--Table of Contents

 

   Subpart F_Native Hawaiian Revolving Loan Fund Demonstration Project

 

Sec. 1336.76  Unallowable loan activities.



    The following activities are among those activities not eligible for 

support under the revolving loan fund:

    (a) Loans to the Loan Administrator or any representative or 

delegate of the Loan Administrator (section 803A(b)(5));

    (b) Loans which would create a potential conflict-of-interest for 

any officer or employee of the Loan Administrator; loan activities which 

directly benefit these individuals, or persons related to them by 

marriage, or law.

    (c) Eligible activities which are moved from the State of Hawaii;

    (d) Investing in high interest account, certificates of deposit or 

other investments;

    (e) Relending of the loan amount by the borrower;

    (f) The purchase of land or buildings;

    (g) The construction of buildings; and

    (h) Purchasing or financing equity in private businesses.