Page:United States Statutes at Large Volume 108 Part 3.djvu/437

 PUBLIC LAW 103-325—SEPT. 23, 1994 108 STAT. 2189 "SEC. 130. COMMUNITY DEVELOPMENT REVOLVING LOAN FUND FOR 12 USC 1772c-l. 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) DEFINITION. — As used in this section, the term 'Fund' means the Community Development Credit Union Revolving Loan Fund.". SEC. 121. AUTHORIZATION OF APPROPRIATIONS. 12 USC 4718. (a) FUND AUTHORIZATION. — (1) IN GENERAL.—To carry out this subtitle, there are authorized to be appropriated to the Fund, to remain available until expended— (A) $60,000,000 for fiscal year 1995; (B) $104,000,000 for fiscal year 1996; (C) $107,000,000 for fiscal year 1997; and (D) $111,000,000 for fiscal year 1998; or such greater sums as may be necessary to carry out this subtitle. (2) ADMINISTRATIVE EXPENSES.— (A) IN GENERAL. —Of amounts authorized to be appropriated to the Fund pursuant to this section, not more than $5,550,000 may be used by the Fund in each fiscal year to pay the administrative costs and expenses of the Fund. Costs associated with the training program established under section 109 and the technical assistance program established under section 108 shall not be considered to be administrative expenses for purposes of this paragraph. (B) CALCULATIONS.— The amounts referred to in paragraphs (3) and (4) shall be calculated after subtracting the amount referred to in subparagraph (A) of this paragraph from the total amount appropriated to the Fund in accordance with paragraph (1) in any fiscal year. (3) CAPITALIZATION ASSISTANCE. —Not more than 5 percent of the amounts authorized to be appropriated under paragraph (1) may be used as provided in section 113. (4) AVAILABILITY FOR FUNDING SECTION 114. —3 3^3 percent of the amounts appropriated to the Fund for any fiscal year pursuant to the authorization in paragraph (1) shall be available for use in carrying out section 114. (5) SUPPORT OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS. —The Administrator shall allocate funds authorized under this section, to the maximum extent practicable, for the support of community development financial institutions.

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