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U.S. Code as of:
01/19/04
Section 1772c-1. Community development revolving loan fund for credit unions
(a) In general
The Board may exercise the authority granted to it by the
Community Development Credit Union Revolving Loan Fund Transfer
Act, including any additional appropriation made or earnings
accrued, subject only to this section and to regulations prescribed
by the Board.
(b) Investment
The Board may invest any idle Fund moneys in United States
Treasury securities. Any interest accrued on such securities shall
become a part of the Fund.
(c) Loans
The Board may require that any loans made from the Fund be
matched by increased shares in the borrower credit union.
(d) Interest
Interest earned by the Fund may be allocated by the Board for
technical assistance to community development credit unions,
subject to an appropriations Act.
(e) "Fund" defined
As used in this section, the term "Fund" means the Community
Development Credit Union Revolving Loan Fund.
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