---
kind: "section"
citation: "12 C.F.R. § 1805.302"
title: "12"
number: "1805.302"
heading: "Restrictions on use of assistance."
url: "https://uscodex.org/cfr/12/1805.302"
---

# §1805.302. Restrictions on use of assistance.

- (a) A Recipient shall use assistance provided by the CDFI Fund and its corresponding matching funds only for the eligible activities approved by the CDFI Fund and described in the Assistance Agreement.
- (b) A Recipient may not distribute assistance to an Affiliate without the CDFI Fund's consent.
- (c) Assistance provided upon approval of an application involving a Community Partnership shall only be distributed to the Recipient and shall not be used to fund any activities carried out by a Community Partner or an Affiliate of a Community Partner.

## Notes

### Authority

Authority: 12 U.S.C. 4703, 4703 note, 4710, 4717; and 31 U.S.C. 321.

### Source

Source: 80 FR 52382, Aug. 31, 2015, unless otherwise noted.