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U.S. Code/Title 12/§ 4748

Title 12

12

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12 U.S.C. § 4748.Chapter 47

§ 4748

Reimbursement to Fund

Title 12
2 min read
Subchapter: SMALL BUSINESS CAPITAL ENHANCEMENT

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((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 , 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not later than 15 calendar days after such withdrawal, submit to the Fund an amount computed by multiplying the amount withdrawn by the appropriate factor, as determined under subsection (b).section 4745 of this title

((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 .

((c)) ** Use of reimbursements** The Fund may use funds reimbursed pursuant to this section to make reimbursements under .section 4747 of this title

§ 4747

Release: pl-119-102 (2026-07-12)

§ 4749

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