Examples of Loan Funds in a sentence
All laborers and mechanics employed by contractors or subcontractors in the performance of construction work fi- nanced in whole or in part with Guar- anteed Loan Funds under this part shall be paid wages at rates not less than those prevailing on similar con- struction in the locality as determined by the Secretary of Labor in accord- ance with the Davis-Bacon Act, as amended (40 U.S.C. 276a–276a–5).
Cr. 1130.6/1120.16, Cash—General Fund— Ecoomice Development Loan Funds.
Upon completion of the Project and fulfillment of the Construction Contract to the satisfaction of Lender and provided sufficient Loan Funds are available, Lender shall make an Advance to cover the final payment due to the General Contractor upon delivery to Lender of endorsements to the ALTA title insurance policy following the posting of the completion notice, as provided under applicable law.
CDBG-CLOSE liquidates the remaining funding and closes all Revolving Loan Funds (RLF).
In order to receive State Revolving Loan Funds (SRF) for any given project, a resolution must be adopted by the city stating its financial position and its authority to apply for these funds.