Notes to SEFA
The Capital Magnet Fund listed above is to be used as a Revolving Loan Fund and is shown on the Schedule of Expenditures of Federal Awards until the five-year investment compliance period is completed in November 2028. The amount presented in the above schedule consists of proceeds of the grant deployed or committed for qualifying loans as of June 30, 2025 and amounts allowable as administrative fee. Grant funds advanced but not deployed or committed as of June 30, 2025, are reflected as conditional advances.