Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XVII - Rural Utilities Service, Department of Agriculture |
Part 1709 - Assistance to High Energy Cost Communities |
Subpart C - Bulk Fuel Revolving Fund Grant Program |
§ 1709.208 - Use of grant funds.
Latest version.
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§ 1709.208 Use of grant funds.
Grant funds must be used to establish and support a revolving loan fund that facilitates cost effective fuel purchases for persons, communities, and businesses in eligible areas. Where a recipient State entity's existing program is authorized to fund multiple purposes, grant funds may only be used to the extent the recipient fund finances eligible activities.