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Code · BILL · 116th Congress · H.R. 3845 (Introduced in House) — To authorize a grant program that strengthens the capacity of community development financial institutions through al... · Sec. 3

Sec. 3. Definitions

208 words·~1 min read·/bill/116/hr/3845/ih/section-3

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In this Act: The term Chief Executive Officer means the Chief Executive Officer of the Corporation for National and Community Service appointed under section 193 of the National and Community Service Act of 1990 ( 42 U.S.C. 12651c ). The term covered community development financial institution means any nonprofit entity that meets the definition of a community development financial institution in section 103 of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4702 ) and is certified as a community development financial institution by the Department of the Treasury.
The term eligible entity means— a covered community development financial institution with an approved application under section 5; or an organization, with an approved application under section 5, that places participants with covered community development financial institutions and provides technical management to those institutions. The term participant means an individual in an approved national service position. A participant shall not be considered to be an employee of an eligible entity or a covered community development financial institution receiving assistance under this Act.
The term placement site means the location of the covered community development financial institution at which a participant shall be placed for service. The term Secretary means the Secretary of the Treasury.
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