§ 4748. Reimbursement to Fund

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

   Riegle Community Development and Regulatory Improvement Act of 1994

   Pub. L. 103–325 title II § 258 · 108 Stat. 2160

   Enacted · 12 U.S.C. § 4748

   (Pub. L. 103–325, title II, § 258, Sept. 23, 1994, 108 Stat. 2213.)

   Source evidence

   Code source credit
   (Pub. L. 103–325, title II, § 258, Sept. 23, 1994, 108 Stat. 2213.)

   Enacted provision · exact public law section
   SEC. 258. REIMBURSEMENT TO THE FUND. (a) In General.— If a participating State withdraws funds from a reserve fund pursuant to terms of the participation agreement permitted by subsection id) or (r) of section 255, such participating State shall, not later than 15 calendar days after such withdrawal, submit to the Fund an amount computed by multiplying the amount withdrawn by the appropriate factor, as determined under subsection (b). (b) Factor.— The appropriate factor shall be obtained by dividing the total amount of contributions that have been made by the participating State to all reserve funds which were subject to reimbursement— (1) by 2; and (2) by the total amount of contributions made by the participating State to all reserve funds, including if applicable, contributions that have been made by the State prior to becoming a participating State if the State continued its own capital access program in accordance with section 253(b). (c) Use of Reimbursements.— The Fund may use funds reimbursed pursuant to this section to make reimbursements under section 257.

1 of 1 references resolved to an enrolled provision