Code of Federal Regulations · Section

§ 589.412 — Projects Owned, Or To Which A Majority Of Voting Rights Are Held, By One Or More Persons Subject To § 589.205

31 C.F.R. § 589.412

View:

The prohibitions in § 589.205(b) apply to projects owned 33 percent or more, or to projects in which a majority of voting interests are held, individually or in the aggregate, by one or more persons subject to § 589.205, their property, or their interests in property, including entities owned 50 percent or more by one or more persons subject to § 589.205.

If two entities that are each subject to § 589.205 each hold a 20 percent ownership interest in Project X, or together own a majority of the voting interests in Project X, then the prohibition in § 589.205(b) applies to Project X.

31 C.F.R. § 589.411 31 C.F.R. § 589.413

Authorizing Statute