---
kind: "section"
citation: "12 C.F.R. § 1808.309"
title: "12"
number: "1808.309"
heading: "Restrictions on uses of Bond Proceeds and Bond Loan proceeds."
url: "https://uscodex.org/cfr/12/1808.309"
---

# §1808.309. Restrictions on uses of Bond Proceeds and Bond Loan proceeds.


Pursuant to [12 U.S.C. 47123a(c)(5)](/usc/12/47123a.md?p=c-5), Bond Loan proceeds shall not be used for:

- (a) Political activities;
- (b) Lobbying, whether directly or through other parties;
- (c) Outreach;
- (d) Counseling services;
- (e) Travel expenses;
- (f) For the salaries or administrative costs of the Qualified Issuer or any recipients of Bond Proceeds, other than those costs covered by Bond Issuance Fees;
- (g) To fund the Risk-Share Pool;
- (h) To pay fees other than Bond Issuance Fees; or
- (i) Any other use as may be specified in the applicable Notice of Guarantee Availability.

## Notes

### Authority

Authority: The Small Business Jobs Act of 2010, Pub. L. 111-240, §§ 1134 and 1703; 12 U.S.C. 4713a.

### Source

Source: 78 FR 8310, Feb. 5, 2013, unless otherwise noted.