Community development revolving loan fund for credit unions

12 U.S.C. § 1772c–1
in effect
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(a) In generalThe 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) InvestmentThe 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) LoansThe Board may require that any loans made from the Fund be matched by increased shares in the borrower credit union. (d) InterestInterest 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” definedAs used in this section, the term “Fund” means the Community Development Credit Union Revolving Loan Fund.

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