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e-CFR data is current as of March 3, 2021

Title 45Subtitle BChapter XIIISubchapter DPart 1336Subpart F → §1336.76


Title 45: Public Welfare
PART 1336—NATIVE AMERICAN PROGRAMS
Subpart F—Native Hawaiian Revolving Loan Fund Demonstration Project


§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.

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