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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 4748 Reimbursement to Fund us united_states_code code_section 12 BANKS AND BANKING 47 COMMUNITY DEVELOPMENT BANKING 4748 12 U.S.C. § 4748 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/s4748 data/legal/raw/us/code/title-12/usc12.xml 4f3a4248b1f0fafb22f6d7f90a75e241a4156cc8e5a9c5c776333ea679da44de e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa eb264d78c95069216b3e7528c93a5456405369b823e2e4f9020d13fd6cccd77d 2026-07-04 official
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12 U.S.C. § 4748 - Reimbursement to Fund

Text

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not later than 15 calendar days after such withdrawal, submit to the Fund an amount computed by multiplying the amount withdrawn by the appropriate factor, as determined under subsection (b).

(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.

(Pub. L. 103325, title II, § 258, Sept. 23, 1994, 108 Stat. 2213.)