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U.S. Code as of:
01/19/04
Section 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multiplying the amount withdrawn by the appropriate factor, as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.
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