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§ 4711. —  Investment of receipts and proceeds.

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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC4711]

 
                       TITLE 12--BANKS AND BANKING
 
                CHAPTER 47--COMMUNITY DEVELOPMENT BANKING
 
 SUBCHAPTER I--COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS
 
Sec. 4711. Investment of receipts and proceeds


(a) Establishment of account

    Any dividends on equity investments and proceeds from the 
disposition of investments, deposits, or credit union shares that are 
received by the Fund as a result of assistance provided pursuant to 
section 4707 or 4712 of this title, and any fees received pursuant to 
section 4708(f) of this title shall be deposited and accredited to an 
account of the Fund in the United States Treasury (hereafter in this 
section referred to as ``the account'') established to carry out the 
purpose of this subchapter.

(b) Investments

    Upon request of the Administrator, the Secretary of the Treasury 
shall invest amounts d

	 
	 


































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