Department of the Treasury, Community Development Financial Institutions Fund: Guarantees for Bonds Issued for Community or Economic Development Purposes
GAO-13-397R: Feb 27, 2013
- Full Report:
GAO reviewed the Department of the Treasury, Community Development Financial Institutions Fund's (CDFI) new rule on guarantees for bonds issued for community or economic development purposes. GAO found that (1) the interim rule implements the CDFI Bond Guarantee Program, established through section 1134 of the Small Business Jobs Act of 2010 and administered by CDFI, under authority delegated by the Secretary of the Treasury; and (2) CDFI complied with applicable requirements in promulgating the rule.