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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 4746 Reports us united_states_code code_section 12 BANKS AND BANKING 47 COMMUNITY DEVELOPMENT BANKING 4746 12 U.S.C. § 4746 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s4746 data/legal/raw/us/code/title-12/usc12.xml 9871c85dcf79c8542b041f24b66ea2a21c75ddadca62c8d3d8edcc95621c2d10 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 9be34c8a518258d7c9a839230a031099843f3463950d1afe1287f99b912481ab 2026-07-04 official
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12 U.S.C. § 4746 - Reports

Text

(a) Reserve funds report On or before the last day of each calendar quarter, a participating State shall submit to the Fund a report of contributions to reserve funds made by the participating State during the previous calendar quarter. If the participating State has made contributions to one or more reserve funds during the previous quarter, the report shall—

(1) indicate the total amount of such contributions;

(2) indicate the amount of contributions which is subject to reimbursement, which shall be equal to the total amount of contributions, unless one of the limitations contained in section 4747 of this title is applicable;

(3) if one of the limitations in section 4747 of this title is applicable, provide documentation of the applicability of such limitation for each loan for which the limitation applies; and

(4) include a certification by the participating State that—

(A) the information provided in accordance with paragraphs (1), (2), and (3) is accurate;

(B) funds in an amount meeting the minimum requirements of section 4743(b)(3) of this title continue to be available and legally committed to contributions by the State to reserve funds, less any amount that has been contributed by the State to reserve funds subsequent to the State being approved for participation in the Program;

(C) there has been no unapproved amendment to any participation agreement or the form of participation agreements; and

(D) the participating State is otherwise implementing the Program in accordance with this subchapter and regulations issued pursuant to section 4749 of this title.

(b) Annual data Not later than March 31 of each year, each participating State shall submit to the Fund annual data indicating the number of borrowers financed under the Program, the total amount of covered loans, and breakdowns by industry type, loan size, annual sales, and number of employees of the borrowers financed.

(c) Form The reports and data filed pursuant to subsections (a) and (b) shall be in such form as the Fund may require.

(Pub. L. 103325, title II, § 256, Sept. 23, 1994, 108 Stat. 2212.)