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Loan Guarantee Recovery Fund; Technical Amendment to Final Rule

HUD · hud-other · Published 1997-05-06 · Effective 1996-10-07 · 62 FR 24573

Document

Document number
97-11729
Federal Register citation
62 FR 24573
CFR reference
24 CFR 573
Type
Rule
Action
Technical amendment to final rule.
Category
hud-other
Agency
US Department of Housing and Urban Development
Publication date
1997-05-06
Effective date
1996-10-07
Docket
Docket No. FR-4108-C-06

Abstract

On September 6, 1996 (61 FR 47404), HUD published a final rule implementing section 4 of the Church Arson Prevention Act of 1996. Specifically, the September 26, 1996 final rule established the procedures, terms, and conditions by which HUD will guarantee loans to assist nonprofit organizations in financing activities designed to rebuild and rehabilitate structures, to replace and restore personal property, and to finance other eligible activities as provided for in the final rule. The September 6, 1996 final rule inadvertently omitted from the list of eligible activities the refinancing of existing indebtedness secured by a property which has been constructed, rehabilitated, or reconstructed. The purpose of this document is to make the necessary correction.

Source

Authoritative
Federal Register document
Machine
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