2012 US Code
Title 12 - Banks and Banking
Chapter 47 - COMMUNITY DEVELOPMENT BANKING (§§ 4701 - 4750)
Subchapter II - SMALL BUSINESS CAPITAL ENHANCEMENT (§§ 4741 - 4750)
Section 4748 - Reimbursement to Fund
| 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 47 - COMMUNITY DEVELOPMENT BANKING SUBCHAPTER II - SMALL BUSINESS CAPITAL ENHANCEMENT Sec. 4748 - Reimbursement to Fund |
| Contains | section 4748 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 103-325, title II, §258, Sept. 23, 1994, 108 Stat. 2213. |
| Statutes at Large Reference | 108 Stat. 2213 |
| Public Law Reference | Public Law 103-325 |
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If a participating State withdraws funds from a reserve fund pursuant to terms of the participation agreement permitted by subsection (d) or (r) of section 4745 of this title, such participating 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not later than 15 calendar days after such withdrawal, submit to the Fund an amount computed by multiplying the amount withdrawn by the appropriate factor, as determined under subsection (b) of this section.
(b) FactorThe appropriate factor shall be obtained by dividing the total amount of contributions that have been made by the participating State to all reserve funds which were subject to reimbursement—
(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 becoming a participating State if the State continued its own capital access program in accordance with section 4743(b) of this title.
(c) Use of reimbursementsThe 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.)
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