Countable loan fund

Countable loan fund means revolving loan funds and similar loan instruments in which:
(i) The sources of both the loaned and the repaid funds meet the requirements of this section, including the prohibitions of paragraphs (f)(1), (f)(2), and (f)(3) of this section;
(ii) Neither the loaned nor the repaid funds are Federal funds or payments from low-income households, and the loans are not made to low-income households; and
(iii) The benefits provided by the loaned funds meet the requirements of this section for countable leveraged resources and benefits.


45 CFR § 96.87

Scoping language

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