§ 4718. Authorization of appropriations

Footnotes

1. 1 See References in Text note below.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1994

   Community Development Banking and Financial Institutions Act of 1994

   Pub. L. 103–325 title I § 121 · 108 Stat. 2160

   Enacted · 12 U.S.C. § 4718

   (Pub. L. 103–325, title I, § 121, Sept. 23, 1994, 108 Stat. 2189.)

   Source evidence

   Code source credit
   (Pub. L. 103–325, title I, § 121, Sept. 23, 1994, 108 Stat. 2189.)

   Enacted provision · exact public law section
   SEC. 121. AUTHORIZATION OF APPROPRIATIONS. (a) Fund Authorization.— (1) In general.— To carry out this subtitle, there are authorized to be appropriated to the Fund, to remain available until expended— (A) $60,000,000 for fiscal year 1995: (B) $104,000,000 for fiscal year 1996; (C) $107,000,000 for fiscal year 1997; and (D) $111,000,000 for fiscal year 1998; or such greater sums as may be necessary to carry out this subtitle. (2) Administrative expenses.— (A) In general.— Of amounts authorized to be appropriated to the Fund pursuant to this section, not more than $5,550,000 may be used by the Fund in each fiscal year to pay the administrative costs and expenses of the Fund Costs associated with the training program established under section 109 and the technical assistance program established under section 108 shall not be considered to be administrative expenses for purposes of this paragraph. (B) Calculations.— The amounts referred to in paragraphs (3) and (4) shall be calculated after subtracting the amount referred to in subparagraph (A) of this paragraph from the total amount appropriated to the Fund in accordance with paragraph (1) in any fiscal year. (3) Capitalization assistance.— Not more than 5 percent of the amounts authorized to be appropriated under paragraph (1) may be used as provided in section 113. (4) Availability for funding section 114.— 33⅓ percent of the amounts appropriated to the Fund for any fiscal year pursuant to the authorization in paragraph (1) shall be available for use in carrying out section 114. (5) Support of community development financial institutions.— The Administrator shall allocate funds authorized under this section, to the maximum extent practicable, for the support of community development financial institutions. (b) Community Development Credit Union Revolving Loan Fund.— There are authorized to be appropriated for the purposes of the Community Development Credit Union Revolving Loan Fund— (1) $4,000,000 for fiscal year 1995; (2) $2,000,000 for fiscal year 1996; (3) $2,000,000 for fiscal year 1997; and (4) $2,000,000 for fiscal year 1998. (c) Budgetary Treatment.— Amounts authorized to be appropriated under this section shall be subject to discretionary spending caps, as provided in section 601 of the Congressional Budget Act of 1974, and therefore shall reduce by an equal amount funds made available for other discretionary spending programs.

1 of 1 references resolved to an enrolled provision