participating State

(iv)In this subparagraph, the term “participating State” shall include a municipality given special permission to participate in the Program, under. (D)The Secretary may, in the Secretary’s discretion, transfer the full amount of the participating State’s allocated amount to the State in a single transfer if the participating State applies to the Secretary for approval to use the full amount of the allocation as collateral for a qualifying loan or swap funding facility.

Source

12 USC § 5702(c)(1)(C)(iv)


Scoping language

In this subparagraph
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