Economic Adjustment Assistance Grants to capitalize or recapitalize RLFs most commonly fund business lending, but also may fund public infrastructure or other authorized lending activities. The requirements in this subpart B apply to RLFs established for business lending activities. Special award conditions may contain appropriate modifications of these requirements to accommodate non-business RLF awards.
2. At 79 FR 76133, Dec. 19, 2014, a new Sec. 307.7 was added, effective Jan. 20, 2015. For the convenience of the user, the added text is set forth as follows: