U.S. CODE

U.S. Code

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Appendix to Title 5
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Appendix to Title 10 (Rules of Court of Appeals for the Armed Forces)
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Appendix to Title 38 (Rules of Court of Appeals for Veterans Claims()
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Appendix to Title 46
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Title 50 War and National Defense
Appendix to Title 50

§ 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.

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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