CFR > Title 12 - Banks and Banking > CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY > PART 1805—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM > SUBPART C—Use of Funds/Eligible Activities (§1805.300 to §1805.303) > 1805.302—Restrictions on use of assistance.

1805.302—Restrictions on use of assistance.

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