§ 253.19 Dual-use CCF.
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Title 50 CFR: Wildlife and Fisheries › Chapter II: NATIONAL MARINE FISHERIES SERVICE, NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE › Part 253: FISHERIES ASSISTANCE PROGRAMS › Subpart B: Fisheries Finance Program › § 253.19: § 253.19 Dual-use CCF.
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The Program may require the pledge of a CCF account or annual deposits of some portion of the project property's net income into a dual-use CCF. A dual-use CCF provides the normal CCF tax-deferral benefits, but also gives the Program control of CCF withdrawals, recourse against CCF deposits, ensures an emergency refurbishing reserve (tax-deferred) for project property, and provides additional collateral.
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