§1744.206. Effect of subsequent failure to maintain ratios.
7 C.F.R. § 1744.206
If an expenditure constitutes a qualified investment under the terms of this subpart, it does not cease to be a qualified investment merely because subsequently the borrower fails to maintain the maximum investment ratio or the minimum total assets ratio.
Notes, amendments, and revision history
Source
Source: 58 FR 52642, Oct. 12, 1993, unless otherwise noted.
Authority
Authority: 7 U.S.C. 901 et seq., 1921 et seq., and 6941 et seq.
Source
Source: 55 FR 39396, Sept. 27, 1990, unless otherwise noted.