---
kind: "section"
citation: "12 C.F.R. § 24.3"
title: "12"
number: "24.3"
heading: "Public welfare investments."
url: "https://uscodex.org/cfr/12/24.3"
---

# §24.3. Public welfare investments.


A national bank or national bank subsidiary may make an investment directly or indirectly under this part if the investment primarily benefits low- and moderate income individuals, low- and moderate income areas, or other areas targeted by a governmental entity for redevelopment, or the investment would receive consideration under [§ 25.23](/cfr/12/25.23.md) of appendix G to [12 CFR part 25](/cfr/12/part25.md) as a “qualified investment.”


## Notes

### Amendments

[73 FR 46534, Aug. 11, 2008, as amended at 89 FR 22067, Mar. 29, 2024]

### Authority

Authority: 12 U.S.C. 24(Eleventh), 93a, 481, and 1818.

### Source

Source: 61 FR 49660, Sept. 23, 1996, unless otherwise noted.

### Amendments

[73 FR 46534, Aug. 11, 2008, as amended at 89 FR 22067, Mar. 29, 2024]