12 U.S.C. § 4708 — Training

(a) In general The Fund^* can operate a training program^* to increase the capacity and expertise of community development financial institutions and other members of the financial services industry to undertake community development finance activities. (b) Program activities The training program must provide educational programs to assist community development financial institutions and other members of the financial services industry in developing lending and investment products, underwriting and servicing loans, managing equity investments, and providing development services^* targeted to areas of economic distress, low-income^* persons, and persons who lack adequate access to loans and equity investments. (c) Participation The training program must be made available to community development financial institutions and other members of the financial services industry that serve or seek to serve areas of economic distress, low-income persons, and persons who lack adequate access to loans and equity investments. (d) Contracting The Fund can offer the training program described in this section directly or through a contract with other organizations. The Fund can contract to provide the training program through organizations that possess special expertise in community development, without regard to whether the organizations receive or are eligible to receive assistance under this subchapter. (e) Coordination The Fund must coordinate with other appropriate Federal departments or agencies that operate similar training programs to prevent duplicative efforts. (f) Regulatory fee for providing training services (1) General rule The Fund can, at the discretion of the Administrator^* and under this subsection, assess and collect regulatory fees solely to cover the costs of the Fund in providing training services under a training program operated under this section. (2) Persons subject to fee Fees can be assessed under paragraph (1) only on persons who participate in the training program. (3) Limitation on manner of collection Fees can be assessed and collected under this subsection only in that manner as can reasonably be expected to result in the collection of an aggregate amount of fees during any fiscal year which does not exceed the aggregate costs of the Fund for that year in providing training services under a training program operated under this section 1 (4) Limitation on amount of fee The amount of any fee assessed under this subsection on any person^* can not exceed the amount which is reasonably based on the proportion of the training services provided under a training program operated under this section which relate to that person.