Title 12 — Banks and Banking
Chapter 47 — Community Development Banking
§ 4746. Reports
Statutory text
Reserve funds report
On or before the last day of each calendar quarter, a participating State shall submit to the Fund a report of contributions to reserve funds made by the participating State during the previous calendar quarter. If the participating State has made contributions to one or more reserve funds during the previous quarter, the report shall—
indicate the total amount of such contributions;
indicate the amount of contributions which is subject to reimbursement, which shall be equal to the total amount of contributions, unless one of the limitations contained in section 4747 of this title is applicable;
if one of the limitations in section 4747 of this title is applicable, provide documentation of the applicability of such limitation for each loan for which the limitation applies; and
include a certification by the participating State that—
the information provided in accordance with paragraphs (1), (2), and (3) is accurate;
funds in an amount meeting the minimum requirements of section 4743(b)(3) of this title continue to be available and legally committed to contributions by the State to reserve funds, less any amount that has been contributed by the State to reserve funds subsequent to the State being approved for participation in the Program;
there has been no unapproved amendment to any participation agreement or the form of participation agreements; and
the participating State is otherwise implementing the Program in accordance with this subchapter and regulations issued pursuant to section 4749 of this title.
Annual data
Not later than March 31 of each year, each participating State shall submit to the Fund annual data indicating the number of borrowers financed under the Program, the total amount of covered loans, and breakdowns by industry type, loan size, annual sales, and number of employees of the borrowers financed.
Form
The reports and data filed pursuant to subsections (a) and (b) shall be in such form as the Fund may require.
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.
Riegle Community Development and Regulatory Improvement Act of 1994
Pub. L. 103–325 title II § 256 · 108 Stat. 2160
Enacted · 12 U.S.C. § 4746
(Pub. L. 103–325, title II, § 256, Sept. 23, 1994, 108 Stat. 2212.)
Source evidence
Code source credit
(Pub. L. 103–325, title II, § 256, Sept. 23, 1994, 108 Stat. 2212.)Enacted provision · exact public law section
SEC. 256. REPORTS. (a) Reserve Funds Report.— On or before the last day of each calendar quarter, a participating State shall submit to the Fund a report of contributions to reserve funds made by the participating State during the previous calendar quarter. If the participating State has made contributions to one or more reserve funds during the previous quarter, the report shall— (1) indicate the total amount of such contributions; (2) indicate the amount of contributions which is subject to reimbursement, which shall be equal to the total amount of contributions, unless one of the limitations contained in section 257 is applicable; (3) if one of the limitations in section 257 is applicable, provide documentation of the applicability of such limitation for each loan for which the limitation applies; and (4) include a certification by the participating State that— (A) the information provided in accordance with paragraphs (1), (2), and (3) is accurate; (B) funds in an amount meeting the minimum requirements of section 253(b)(3) continue to be available and legally committed to contributions by the State to reserve funds, less any amount that has been contributed by the State to reserve funds subsequent to the State being approved for participation in the Program; (C) there has been no unapproved amendment to any participation agreement or the form of participation agreements; and (D) the participating State is otherwise implementing the Program in accordance with this subtitle and regulations issued pursuant to section 259. (b) Annual Data.— Not later than March 31 of each year, each participating State shall submit to the Fund annual data indicating the number of borrowers financed under the Program, the total amount of covered loans, and breakdowns by industry type, loan size, annual sales, and number of employees of the borrowers financed. (c) Form.— The reports and data filed pursuant to subsections (a) and (b) shall be in such form as the Fund may require.
1 of 1 references resolved to an enrolled provision