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tkelley on DSKBCP9HB2PROD with NOTICES

Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices late submission of the SF424 or the Application, Applicants are provided two opportunities to submit a written request for acceptance of late submissions. The CDFI Fund will not consider the late submission of the SF
424 or the Application that was a direct result of a delay in a Federal Government process, unless such delay was the result of a Federal government administrative or technological error.
a. SF424 Late Submission: In cases where a Federal government administrative or technological error directly resulted in the late submission of the SF424, the Applicant must submit a written request for acceptance of the late SF424 submission and include documentation of the error no later than two business days after the SF424 deadline. The CDFI Fund will not respond to requests for acceptance of late SF424 submissions after that time period. Applicants must submit late SF424 submission requests to the CDFI Fund via an AMIS Service Request to the NACA Program with a subject line of Late SF424 Submission Request.
b. Application Late Submission: In cases where a Federal government administrative or technological error directly resulted in a late submission of the Application in AMIS, the Applicant must submit a written request for acceptance of the late Application submission and include documentation of the error no later than two business days after the Application deadline. The CDFI Fund will not respond to requests for acceptance of late Application submissions after that time period.
Applicants must submit late Application submission requests to the CDFI Fund via an AMIS Service Request to the NACA Program with a subject line of Late Application Submission Request.
G. Funding Restrictions: Base-FA, PPCFA, DFFA, HFFIFA and TA
awards are limited by the following:
1. Base-FA Awards:
a. A Recipient shall use Base-FA
funds only for the eligible activities described in Section II. C1 of this NOFA and its Assistance Agreement.
b. With the exception of Depository Institution Holding Company Applicants, Base-FA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI
Funds prior written consent.
c. Base-FA funds shall only be paid to the Recipient.

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d. The CDFI Fund, in its sole discretion, may pay Base-FA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 83018303 and 2 CFR
200.216 of the Uniform Requirements, with respect to any Direct Costs.
2. PPCFA Awards:
a. A Recipient shall use PPCFA
funds only for the eligible activities described in Section II. C5 of this NOFA and its Assistance Agreement.
b. With the exception of Depository Institution Holding Company Applicants, PPCFA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI
Funds prior written consent.
c. PPCFA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay PPCFA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 83018303 and 2 CFR
200.216 of the Uniform Requirements, with respect to any Direct Costs.
3. DFFA Awards:
a. A Recipient shall use DFFA funds only for the eligible activities described in Section II. C2 of this NOFA and its Assistance Agreement.
b. With the exception of Depository Institution Holding Company Applicants, DFFA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI
Funds prior written consent.
c. DFFA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay DFFA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 83018303 and 2 CFR
200.216 of the Uniform Requirements, with respect to any Direct Costs.
2. HFFIFA Awards:
a. A Recipient shall use HFFIFA
funds only for the eligible activities
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described in Section II. C4 of this NOFA and its Assistance Agreement.
b. With the exception of Depository Institution Holding Company Applicants, HFFIFA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI
Funds prior written consent.
c. HFFIFA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay HFFIFA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 83018303 and 2 CFR
200.216 of the Uniform Requirements, with respect to any Direct Costs.
3. TA Grants:
a. A Recipient shall use TA funds only for the eligible activities described in Section II. C 3 of this NOFA and its Assistance Agreement.
b. A Sponsoring Entity Recipient must create the Emerging CDFI as a legal entity no later than the end of the first year of the Period of Performance. Upon creation of the Emerging CDFI, the Sponsoring Entity must request the CDFI Fund to amend the Assistance Agreement to add the Emerging CDFI as a co-Recipient. The Sponsoring Entity must add the Emerging CDFI as a coRecipient within 90 days the end of the first year of the Period of Performance.
The Sponsoring Entity must then transfer any remaining balances and/or assets derived from the TA award to the Emerging CDFI.
c. With the exception of Depository Institution Holding Company Applicants, TA awards may not be used to support the activities of, or otherwise be passed through, transferred, or coawarded to, third-party entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI Funds prior written consent.
d. TA funds shall only be paid to the Recipient.
e. The CDFI Fund, in its sole discretion, may pay TA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
f. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 83018303 and 2 CFR
200.216 of the Uniform Requirements, with respect to any Direct Costs.

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