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12 U.S.C. § 3024 — Appeal procedures applicable upon denial or restriction of application for assistance
Federal law — U.S. Code and appendices · legal_authorities
**(a)** If an application for assistance under this chapter is denied in whole or in part, the applicant shall be informed within thirty days in writing of the reasons for the denial or restriction.
**(b)** Any applicant for assistance under this chapter receiving notice of denial or restriction of the application may, within thirty days of receipt of such notice, request the Board of Directors to review the application and notice of denial or restriction for a determination of whether the action of the Bank was correctly within the terms of this chapter, the regulations, and the policy of the Board. The Board shall consider the request for review at its next meeting and promptly inform the applicant of its determination and the reasons therefor.
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Source file: Laws/federal/codes/united-states-code/title-12/section-3024-appeal-procedures-applicable-upon-denial-or-restriction-of-application-f--aa7d2d76e8.md
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Source location: Title 12, Chapter 31, § 3024; chapter-031-national-consumer-cooperative-bank.md
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**(a)** If an application for assistance under this chapter is denied in whole or in part, the applicant shall be informed within thirty days in writing of the reasons for the denial or restriction.
**(b)** Any applicant for assistance under this chapter receiving notice of denial or restriction of the application may, within thirty days of receipt of such notice, request the Board of Directors to review the application and notice of denial or restriction for a determination of whether the action of the Bank was correctly within the terms of this chapter, the regulations, and the policy of the Board. The Board shall consider the request for review at its next meeting and promptly inform the applicant of its determination and the reasons therefor.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Office of Self-Help Development and Technical Assistance abolished; transfer of assets, etc.**
(1) Upon the incorporation of the nonprofit corporation described in subsection (b), the Office of Self-Help Development and Technical Assistance is hereby abolished.
(2)
(A) If the nonprofit corporation described in subsection (b) agrees to accept the liabilities of the Office, the Bank, notwithstanding any other provision of law, shall transfer all assets, liabilities, and property of the Office to such nonprofit corporation on the day on which such nonprofit corporation is incorporated.
(B) Such assets shall include all sums which are appropriated to the Office by the Congress and all sums which are contained in the Account established pursuant to [section 3042 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section3042&num=0&edition=prelim). If any such sums are appropriated after the date on which the transfer described in subparagraph (A) occurs, the Bank shall promptly transfer such sums to such nonprofit corporation.
**(b) Establishment; Board of Directors; functions, etc.**
(1) As soon as possible after August 13, 1981, the Board shall establish a nonprofit corporation under the laws of the District of Columbia and, notwithstanding the laws of the District of Columbia, name the directors of such nonprofit corporation.
(2) Notwithstanding the laws of the District of Columbia, the Board of Directors of such nonprofit corporation shall—
(A) select an executive director who shall be responsible for the administration of such nonprofit corporation;
(B) set the compensation of such executive director and the other employees of such nonprofit corporation;
(C) promulgate and publish the policies of such nonprofit c
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Federal law — U.S. Code and appendices · legal_authorities
Page 1488
TITLE 12—BANKS AND BANKING
§ 3021
quarters and provide for the space requirements
of its principal and other offices.
(Pub. L. 95–351, title I, § 110, Aug. 20, 1978, 92
Stat. 510.)
§ 3021. Annual report to Congress; contents
The Board of the Bank shall report annually
to the appropriate committees of the Congress
on the Bank’s capital, operations, and financial
condition and make recommendations for legis-
lation needed to improve its services.
(Pub. L. 95–351, title I, § 111, Aug. 20, 1978, 92
Stat. 510.)
§ 3022. Authorization of additional appropria-
tions; restrictions on use
In addition to appropriations specifically au-
thorized in this chapter, there are authorized to
be appropriated $2,000,000 for the fiscal year end-
ing September 30, 1979, and for each of the two
succeeding fiscal years, ending September 30,
1980, and September 30, 1981, such sums as may
be necessary: Provided, That none of these ap-
propriated sums shall be used to retire any in-
debtedness of the Bank incurred pursuant to sec-
tion 3017 of this title. Any sums so appropriated
shall remain available until expended.
(Pub. L. 95–351, title I, § 112, Aug. 20, 1978, 92
Stat. 510.)
§ 3023. Appeal procedures applicable upon denial
or restriction of application for assistance
(a) If an application for assistance under this
chapter is denied in whole or in part, the appli-
cant shall be informed within thirty days in
writing of the reasons for the denial or restric-
tion.
(b) Any applicant for assistance under this
chapter receiving notice of denial or restriction
of the application may, within thirty days of re-
ceipt of such notice, request the Board of Direc-
tors to review the application and notice of de-
nial or restriction for a determination of wheth-
er th
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 3024
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