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12 U.S.C. · Banks and Banking
12 U.S.C. § 4711

Investment of receipts and proceeds

Ch. 47 — COMMUNITY DEVELOPMENT BANKING
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 47
Statutory Text

12 U.S.C. § 4711 — Investment of receipts and proceeds

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 47 - COMMUNITY DEVELOPMENT BANKING SUBCHAPTER I - COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS Sec. 4711 - Investment of receipts and proceeds From the U.S. Government Publishing Office, www.gpo.gov

§4711. Investment of receipts and proceeds

(a) Establishment of account Any dividends on equity investments and proceeds from the disposition of investments, deposits, or credit union shares that are received by the Fund as a result of assistance provided pursuant to section 4707 or 4712 of this title, and any fees received pursuant to section 4708(f) of this title shall be deposited and accredited to an account of the Fund in the United States Treasury (hereafter in this section referred to as "the account") established to carry out the purpose of this subchapter. (b) Investments Upon request of the Administrator, the Secretary of the Treasury shall invest amounts deposited in the account in public debt securities with maturities suitable to the needs of the Fund, as determined by the Administrator, and bearing interest at rates determined by the Secretary of the Treasury, comparable to current market yields on outstanding marketable obligations of the United States of similar maturities. (c) Availability Amounts deposited into the account and interest earned on such amounts pursuant to this section shall be available to the Fund until expended.

(Pub. L. 103–325, title I, §112, Sept. 23, 1994, 108 Stat. 2177.)

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC12-SEC-41FB59
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
12 U.S.C. § 4711
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
979bf4857f362e47...
Semantic Edges
Pending — corpus passes queued
The statutory text of 12 U.S.C. § 4711 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).
Navigate Corpus — Title 12
← 12 U.S.C. § 4710 12 U.S.C. § 4712 →
Ch. 47 — COMMUNITY DEVELOPMENT BANKING
12 U.S.C. § 470112 U.S.C. § 470212 U.S.C. § 470312 U.S.C. § 4703a12 U.S.C. § 470412 U.S.C. § 470512 U.S.C. § 470612 U.S.C. § 470712 U.S.C. § 470812 U.S.C. § 470912 U.S.C. § 471012 U.S.C. § 471112 U.S.C. § 471212 U.S.C. § 471312 U.S.C. § 4713a12 U.S.C. § 471412 U.S.C. § 471512 U.S.C. § 471612 U.S.C. § 471712 U.S.C. § 471812 U.S.C. § 471912 U.S.C. § 474112 U.S.C. § 474212 U.S.C. § 474312 U.S.C. § 474412 U.S.C. § 474512 U.S.C. § 474612 U.S.C. § 474712 U.S.C. § 474812 U.S.C. § 4749
12 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 4711