Revolving loan funds definition

Revolving loan funds means the funds of the program established under sections 16.133A and 455B.295.
Revolving loan funds or “RLF” means CDBG PI funds that are held in a separate account to carry out CDBG-eligible activities and provided as loans to complete specific CDBG-eligible housing and Economic Development activities. Repaid loans are returned to the RLF for future activities.

Examples of Revolving loan funds in a sentence

  • Revolving loan funds that have been estab- lished before January 11, 2002, may be used in accordance with this paragraph.

  • Revolving loan funds and public cost-sharing funds may be used in combination for funding a particular soil and water conservation practice.11.23(4) Other requirements.

  • Revolving loan funds and public cost-sharing funds shall not be used in combination for funding a particular soil and water conservation practice.11.23(4) Other requirements.

  • Revolving loan funds are established and maintained at institutions through applications to participate in the programs.

  • Revolving loan funds may be used for the purpose of making loans to create and/or retain jobs.

  • Revolving loan funds are not substitutes for conventional lending sources.

  • Revolving loan funds can be used to provide nointerest or low-interest loans and subgrants to eligible entities who own the site to carry out cleanup activities at brownfields sites.

  • Revolving loan funds are also established to maintain Perkins loans.

  • Cash contributions such as grants, loans, forgivable loans, gifts, and endowments.b. Revolving loan funds provided that if a revolving loan fund is the only form of local match the interest rate and term match the terms of the direct assistance to be provided by the authority.c. Tax abatement or exemption.

  • Revolving loan funds established with lines of credit provided under this subpart may be used to provide technical assistance to private busi- ness enterprises and to provide financial assist- ance in the form of loans, loan guarantees, in- terest reduction assistance, equity shares, and other such forms of assistance to business enter- prises in target areas and who are in compliance with section 13823(a)(4) of this title.(Pub.


More Definitions of Revolving loan funds

Revolving loan funds means the funds of the program
Revolving loan funds means the water pollution
Revolving loan funds means the water pollution control works revolving loan fund and the drink- ing water facilities revolving loan fund established by Iowa Code sections 455B.291 to 455B.299.
Revolving loan funds means the water pollution control works revolving loan fund and the drinking water facilities revolving loan fund established by Iowa Code sections 455B.291 to 455B.298 as amended by 2002 Iowa Acts, chap- ter 1019, and section 455B.299.

Related to Revolving loan funds