Saving dollars in increasing increments about the course of a calendar calendar year is often tricky, largely mainly because your paying out possible improves in December.
In prescribing minimum amount Application necessities for accredited Condition other credit support courses, the Secretary shall acquire into consideration, towards the extent the Secretary establishes applicable and acceptable, the bare minimum Software necessities for approved State cash accessibility programs in part 5704(e) of the title.
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The term "reserve fund" suggests a fund, established by a participating Condition, devoted to a particular economic institution lender, for that purposes of—
The phrase "small business company owned and controlled by socially and economically disadvantaged persons" usually means a company that—
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The Secretary shall approve such Point out other credit history assist application as suitable for Federal contributions to, or with the account of, This system if—
The allocation arrangement among the Secretary as well as the participating Point out shall offer which the Secretary shall recoup any allocated Federal resources transferred towards the collaborating Point out if the effects of your an audit click here incorporate a locating that there was an intentional or reckless misuse of transferred money because of the Point out.
The expression "qualifying loan or swap funding facility" usually means a contractual arrangement between a participating State and a private financial entity below which—
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(3) supplies for contributions to be created by the Point out towards the reserve fund in amounts at least equivalent for the sum of the level of the insurance coverage high quality rates paid through the borrower as well as economical establishment towards the reserve fund for just about any freshly enrolled loan; and
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