Title 12 — Banks and BankingRelease 119-73

§4748 Reimbursement to Fund

Title 12 › Chapter CHAPTER 47— - COMMUNITY DEVELOPMENT BANKING › Subchapter SUBCHAPTER II— - SMALL BUSINESS CAPITAL ENHANCEMENT › § 4748

Last updated Apr 6, 2026|Official source

Summary

If a State in the program withdraws money from a reserve fund under the rules allowed by subsection (d) or (r) of section 4745, the State must, within 15 calendar days, pay the Fund an amount equal to the withdrawn sum times a factor set in subsection (b). The factor equals the State’s contributions to reserve funds that can be reimbursed divided by two times the State’s total contributions to all reserve funds, including certain contributions made before joining under section 4743(b). The Fund may use those repayments to make reimbursements under section 4747.

Full Legal Text

Title 12, §4748

Banks and Banking — Source: USLM XML via OLRC

(a)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not later than 15 calendar days after such withdrawal, submit to the Fund an amount computed by multiplying the amount withdrawn by the appropriate factor, as determined under subsection (b).

(b)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)The Fund may use funds reimbursed pursuant to this section to make reimbursements under section 4747 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 4748

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73