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12 U.S.C. · Banks and Banking
12 U.S.C. § 1772c1

Community development revolving loan fund for credit unions

Ch. 14 — FEDERAL CREDIT UNIONS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 14
Statutory Text

12 U.S.C. § 1772c1 — Community development revolving loan fund for credit unions

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition 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 From the U.S. Government Publishing Office, www.gpo.gov

§1772c–1. Community development revolving loan fund for credit unions

(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.

(June 26, 1934, ch. 750, title I, §130, as added Pub. L. 103–325, title I, §120(b), Sept. 23, 1994, 108 Stat. 2188.)

Editorial Notes

References in Text The 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.

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 1772c1
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The statutory text of 12 U.S.C. § 1772c1 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 12 U.S.C. § 1772c 12 U.S.C. § 1772d →
Ch. 14 — FEDERAL CREDIT UNIONS
12 U.S.C. § 175112 U.S.C. § 1751a12 U.S.C. § 175212 U.S.C. § 1752a12 U.S.C. § 175312 U.S.C. § 175412 U.S.C. § 175512 U.S.C. § 175612 U.S.C. § 1756a12 U.S.C. § 175712 U.S.C. § 1757a12 U.S.C. § 175812 U.S.C. § 175912 U.S.C. § 176012 U.S.C. § 176112 U.S.C. § 1761a12 U.S.C. § 1761b12 U.S.C. § 1761c12 U.S.C. § 1761d12 U.S.C. § 176212 U.S.C. § 176312 U.S.C. § 176412 U.S.C. § 176512 U.S.C. § 176612 U.S.C. § 176712 U.S.C. § 176812 U.S.C. § 176912 U.S.C. § 177012 U.S.C. § 177112 U.S.C. § 1772
12 U.S.C. — public domain ← All Legislation
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