Reserve requirements
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
The corporation may require that the following reserves be created by the project recipient:
(a)working capital fund;
(b)replacement reserve; and
(c)operation reserve.
To the extent permitted by the act and these regulations, the working capital fund and the replacement reserve may be funded by the payment, grant or loan of the corporation. The conditions and requirements of said reserves shall be set forth in the regulatory agreement.