2012 US Code
Title 12 - Banks and Banking
Chapter 14 - FEDERAL CREDIT UNIONS (§§ 1751 - 1795k)
Subchapter I - GENERAL PROVISIONS (§§ 1752 - 1775)
Section 1772c-1 - Community development revolving loan fund for credit unions
| Publication Title | United States Code, 2012 Edition, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 14 - FEDERAL CREDIT UNIONS SUBCHAPTER I - GENERAL PROVISIONS Sec. 1772c-1 - Community development revolving loan fund for credit unions |
| Contains | section 1772c-1 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | June 26, 1934, ch. 750, title I, §130, as added Pub. L. 103-325, title I, §120(b), Sept. 23, 1994, 108 Stat. 2188. |
| Statutes at Large References | 100 Stat. 3475 108 Stat. 2188 |
| Public Law References | Public Law 99-609, Public Law 103-325 |
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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) InvestmentThe 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) LoansThe Board may require that any loans made from the Fund be matched by increased shares in the borrower credit union.
(d) InterestInterest 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” definedAs used in this section, the term “Fund” means the Community Development Credit Union Revolving Loan Fund.
(June 26, 1934, ch. 750, title I, §130, as added Pub. L. 103–325, title I, §120(b), Sept. 23, 1994, 108 Stat. 2188.)
References in TextThe Community Development Credit Union Revolving Loan Fund Transfer Act, referred to in subsec. (a), is Pub. L. 99–609, Nov. 6, 1986, 100 Stat. 3475, which is set out as a note under section 9822 of Title 42, The Public Health and Welfare.
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