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12 U.S.C. § 1772e — Community development revolving loan fund for credit unions
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Board may exercise the authority granted to it by the Community Development Credit Union Revolving Loan Fund Transfer Act, including any additional appropriation made or earnings accrued, subject only to this section and to regulations prescribed by the Board.
**(b) Investment** The Board may invest any idle Fund moneys in United States Treasury securities. Any interest accrued on such securities shall become a part of the Fund.
**(c) Loans** The Board may require that any loans made from the Fund be matched by increased shares in the borrower credit union.
**(d) Interest** Interest earned by the Fund may be allocated by the Board for technical assistance to community development credit unions, subject to an appropriations Act.
**(e) “Fund” defined** As used in this section, the term “Fund” means the Community Development Credit Union Revolving Loan Fund.
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Stable record: federal_law:legal_authorities:record_usc_b66631a6b9683037179059dc
Source file: Laws/federal/codes/united-states-code/title-12/section-1772e-community-development-revolving-loan-fund-for-credit-unions--95d0c06304.md
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Passage SHA-256: cf16cba6bb91a42585d65f2098347e1dd8927a09bcfeba099df22977f2910793
Source location: Title 12, Chapter 14, § 1772e; chapter-014-federal-credit-unions.md
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**(a) In general** The Board may exercise the authority granted to it by the Community Development Credit Union Revolving Loan Fund Transfer Act, including any additional appropriation made or earnings accrued, subject only to this section and to regulations prescribed by the Board.
**(b) Investment** The Board may invest any idle Fund moneys in United States Treasury securities. Any interest accrued on such securities shall become a part of the Fund.
**(c) Loans** The Board may require that any loans made from the Fund be matched by increased shares in the borrower credit union.
**(d) Interest** Interest earned by the Fund may be allocated by the Board for technical assistance to community development credit unions, subject to an appropriations Act.
**(e) “Fund” defined** As used in this section, the term “Fund” means the Community Development Credit Union Revolving Loan Fund.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Secretary shall take all necessary and appropriate steps to encourage Federal departments and agencies and State and local governments to make grants, provide technical assistance, enter into contracts, and generally support and cooperate with community development corporations and local cooperative associations.
**(b)** Eligibility for assistance under other Federal programs shall not be denied to any applicant on the ground that it is a community development corporation or any other entity assisted under this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 9822
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Federal law — U.S. Code and appendices · legal_authorities
All public data assets published by the Administration under this subchapter shall be—
(1) made available as an open Government data asset (as defined in [section 3502 of title 44](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title44-section3502&num=0&edition=prelim));
(2) freely available for download;
(3) rendered in a human-readable format; and
(4) accessible via application programming interface where appropriate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1774
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Federal law — U.S. Code and appendices · legal_authorities
Page 883
TITLE 12—BANKS AND BANKING
§ 1773
the credit union was found guilty) to prevent
the occurrence of any other money laundering
offense.
(5) The extent to which the interest of the
local community in having adequate deposit
and credit services available would be threat-
ened by the forfeiture of the franchise.
(c) Successor liability
This section shall not apply to a successor to
the interests of, or a person who acquires, a
credit union that violated a provision of law de-
scribed in subsection (a), if the successor suc-
ceeds to the interests of the violator, or the ac-
quisition is made, in good faith and not for pur-
poses of evading this section or regulations pre-
scribed under this section.
(June 26, 1934, ch. 750, title I, § 131, as added Pub.
L. 102–550, title XV, § 1502(c), Oct. 28, 1992, 106
Stat. 4047; amended Pub. L. 103–325, title IV,
§ 411(c)(2)(B), Sept. 23, 1994, 108 Stat. 2253.)
Editorial Notes
AMENDMENTS
1994—Subsec. (a)(2). Pub. L. 103–325 substituted ‘‘sec-
tion 5322 or 5324 of title 31’’ for ‘‘section 5322 of title
31’’.
§ 1772e. Data standards
(a) Requirement
The Board shall, by rule, adopt data standards
for all collections of information and reports
regularly filed with or submitted to the Admin-
istration under this chapter.
(b) Consistency
The data standards required under subsection
(a) shall incorporate, and ensure compatibility
with (to the extent feasible), all applicable data
standards established in the rules promulgated
under section 5334 of this title, including, to the
extent practicable, by having the characteristics
described in clauses (i) through (vi) of sub-
section (c)(1)(B) of such section 5334.
(June 26, 1934, ch. 750, title I, § 132, as added Pub.
L. 117–263, div. E, title LVIII, § 5871, D
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1772e
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