§ 4748. — Reimbursement to Fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC4748]
TITLE 12--BANKS AND BANKING
CHAPTER 47--COMMUNITY DEVELOPMENT BANKING
SUBCHAPTER II--SMALL BUSINESS CAPITAL ENHANCEMENT
Sec. 4748. Reimbursement to Fund
(a) In general
If a participating State withdraws funds from a reserve fund
pursuant to terms of the participation agreement permitted by subsection
(d) or (r) of section 4745 of this title, 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the Fund an amount computed by multiplying the amount withdrawn by the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) of this section.
(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 4743(b) of this title.
(c) Use of reimbursements
The Fund may use funds reimbursed pursuant to this section to make
reimbursements under section 4747 of this title.
(Pub. L. 103-325, title II, Sec. 258, Sept. 23, 1994, 108 Stat. 2213.)
