Code of Federal Regulations · Section
§ 253.19 — Dual-use Ccf
50 C.F.R. § 253.19
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The Program may require the pledge of a CCF account or annual deposits of some portion of the project property's net income into a dual-use CCF. A dual-use CCF provides the normal CCF tax-deferral benefits, but also gives the Program control of CCF withdrawals, recourse against CCF deposits, ensures an emergency refurbishing reserve (tax-deferred) for project property, and provides additional collateral.
Authorizing Statute
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Congressional statement of purposes16 U.S.C. § 4101
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Definitions46 U.S.C. § 53701