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12 U.S.C. § 4749 — Regulations
Federal law — U.S. Code and appendices · legal_authorities
The Fund shall promulgate appropriate regulations to implement this subchapter.
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Source location: Title 12, Chapter 47, § 4749; chapter-047-community-development-banking.md
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The Fund shall promulgate appropriate regulations to implement this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Reserve funds report** On or before the last day of each calendar quarter, a participating State shall submit to the Fund a report of contributions to reserve funds made by the participating State during the previous calendar quarter. If the participating State has made contributions to one or more reserve funds during the previous quarter, the report shall—
(1) indicate the total amount of such contributions;
(2) indicate the amount of contributions which is subject to reimbursement, which shall be equal to the total amount of contributions, unless one of the limitations contained in [section 4747 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4747&num=0&edition=prelim) is applicable;
(3) if one of the limitations in [section 4747 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4747&num=0&edition=prelim) is applicable, provide documentation of the applicability of such limitation for each loan for which the limitation applies; and
(4) include a certification by the participating State that—
(A) the information provided in accordance with paragraphs (1), (2), and (3) is accurate;
(B) funds in an amount meeting the minimum requirements of [section 4743(b)(3) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4743/b/3&num=0&edition=prelim) continue to be available and legally committed to contributions by the State to reserve funds, less any amount that has been contributed by the State to reserve funds subsequent to the State being approved for participation in the Program;
(C) there has been no unapproved amendment to any participation agreement or the form of participation agreements; and
(D) the participating State is oth
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Federal law — U.S. Code and appendices · legal_authorities
Page 1760
TITLE 12—BANKS AND BANKING
§ 4748
1 See References in Text note below.
(2) by applying subsection (e) to the balance
of the loan.
(Pub. L. 103–325, title II, § 257, Sept. 23, 1994, 108
Stat. 2212.)
§ 4748. Reimbursement to Fund
(a) In general
If a participating State withdraws funds from
a reserve fund pursuant to terms of the partici-
pation agreement permitted by subsection (d) or
(r) of section 4745 of this title, such partici-
pating State shall, not later than 15 calendar
days after such withdrawal, submit to the Fund
an
amount
computed
by
multiplying
the
amount withdrawn by the appropriate factor, as
determined under subsection (b).
(b) Factor
The appropriate factor shall be obtained by di-
viding the total amount of contributions that
have been made by the participating State to all
reserve funds which were subject to reimburse-
ment—
(1) by 2; and
(2) by the total amount of contributions
made by the participating State to all reserve
funds, including if applicable, contributions
that have been made by the State prior to be-
coming a participating State if the State con-
tinued its own capital access program in ac-
cordance with section 4743(b) of this title.
(c) Use of reimbursements
The Fund may use funds reimbursed pursuant
to this section to make reimbursements under
section 4747 of this title.
(Pub. L. 103–325, title II, § 258, Sept. 23, 1994, 108
Stat. 2213.)
§ 4749. Regulations
The Fund shall promulgate appropriate regu-
lations to implement this subchapter.
(Pub. L. 103–325, title II, § 259, Sept. 23, 1994, 108
Stat. 2214.)
§ 4750. Authorization of appropriations
(a) Amount
There are authorized to be appropriated to the
Fund $50,000,000 to carry out this subchapter.
(b) Budgetary treatment
The amount aut
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