Section 1808.309 - Restrictions on uses of Bond Proceeds and Bond Loan proceedsPursuant to 12 U.S.C. 47123a(c)(5) , Bond Loan proceeds shall not be used for:
(a) Political activities;(b) Lobbying, whether directly or through other parties;(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.