12 U.S.C. § 4748 — Reimbursement to Fund
submitted 32 years ago by Pub. L. 103-325 to r/title-12-BANKS-AND-BANKING · 178 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
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not later than 15 calendar days after such withdrawal, submit to the Fund* an amount computed by multiplying the amount withdrawn by the appropriate factor, as determined under subsection (b).
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—
by 2; and
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.
The Fund may use funds reimbursed pursuant to this section to make reimbursements under section 4747 of this title.
Source credit: (Pub. L. 103–325, title II, § 258, Sept. 23, 1994, 108 Stat. 2213.)
- 1994Enacted · Pub. L. 103-325 · 108 Stat. 2213
A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-325 on 1994-09-23.
all 0 arguments · sorted by: best
no arguments yet — make the first case