Prohibited investments under the RED C4T Program include the
following:
(1) Grants or loans for activities that relate to lobbying
activities, as such activities are defined under state or federal
law;
(2) Grants or loans to childcare facilities, including
day cares and after-school programs;
(3) Grants or loans for the refinancing of existing
debt;
(4) Grants or loans involving the acquisition or holding
of passive investments, such as commercial real estate ownership;
(5) Grants or loans for the repayment of delinquent
federal or state income taxes;
(6) Grants or loans for the repayment of payroll or
sales taxes, or other taxes required to be held in trust or escrow;
(7) Grants or loans that are, or are made in a manner
that is, prohibited by federal or state laws that pertain to the investment
of public money; and
(8) Such other grants or loans that the Department
may deem to be Prohibited Investments, as communicated by the Department
to the Recipient from time to time.
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