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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 14— FEDERAL CREDIT UNIONS · SUBCHAPTER I— GENERAL PROVISIONS · § 1772c–1

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

206 words·~1 min read·/usc/title-12/section-1772c-1

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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. 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. The Board may require that any loans made from the Fund be matched by increased shares in the borrower credit union.
Interest earned by the Fund may be allocated by the Board for technical assistance to community development credit unions, subject to an appropriations Act. 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 .)
Connections19 cite this · traces to 1
3 references not yet in our index
  • Pub. L. 103-325
  • 108 Stat. 2188
  • Pub. L. 99-609
Citation graph
cites case law
§ 1772c–1
Community development revolving loan fund for credit unions
Fed. Reg.×18
C.F.R.×1
Stat.Public Law 99–608
Pub. L.Pub. L. 103-325
Stat.108 Stat. 2188
Pub. L.Pub. L. 99-609
Cites 4Cited by 19 across 2 sources
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