material change

(II)As used in subclause (I), the term “material change”, with respect to an application, includes— (C)Before taking final action on an application for a loan or guarantee to which this section applies, the staff of the Bank shall provide in writing to the Board of Directors the views of any person who submitted comments pursuant to subparagraph (B). (D)Within 30 days after a party affected by a final decision of the Board of Directors with respect to a loan or guarantee makes a written request therefor, the Bank shall provide to the affected party a non-confidential summary of the facts found and conclusions reached in any detailed economic impact analysis or similar study conducted pursuant to subparagraph (B) with respect to the loan or guarantee, that were submitted to the Board of Directors. (E)The Bank shall maintain documentation relating to economic impact analyses and similar studies conducted under this subsection in a manner consistent with the Standards for Internal Control of the Federal Government issued by the Comptroller General of the United States. (F)This paragraph shall not be construed to make subchapter II of chapter 5 of title 5 applicable to the Bank. (G)The Bank shall implement such regulations and procedures as may be appropriate to carry out this paragraph. (f)In addition to any other authority of the Bank, the Bank may deny an application for assistance with respect to a transaction if the Bank has substantial credible evidence that any party to the transaction or any party involved in the transaction has committed an act of fraud or corruption in connection with the transaction. (g)The Bank shall establish and adhere to a clearly defined process for—

Source

12 USC § 635(e)(7)(B)(iii)(II)


Scoping language

None: Default is title Scope
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