§4747. Reimbursement by Fund — Inbound Citations

Citations to 12 U.S.C. § 4747 as a whole

• 12 U.S.C. § 4743(a)

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  (a) Any State may apply to the Fund for approval to be a participating State under the Program and to be eligible for reimbursement by the Fund pursuant to section 4747 of this title.
• 12 U.S.C. § 4743(c)(1)

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  (1) A State that is not a participating State, but that has its own capital access program providing portfolio insurance for business loans (based on a separate loss reserve fund for each financial institution), may apply at any time to the Fund to be approved to be a participating State. The Fund shall approve such State to be a participating State, and to be eligible for reimbursements by the Fund pursuant to section 4747 of this title, if the State—

  (A) satisfies the requirements of subsections (a) and (b); and

  (B) certifies that each affected financial institution has satisfied the requirements of section 4744 of this title.
• 12 U.S.C. § 4743(c)(2)(A)

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  (A) If a State is approved for participation under paragraph (1), each financial institution with a participation agreement in effect with the participating State shall immediately be considered a participating financial institution. Reimbursements may be made under section 4747¹ of this title in connection with all contributions made to the reserve fund by the State in connection with lending that occurs on or after the date on which the Fund approves the State for participation.
• 12 U.S.C. § 4743(c)(2)(B)

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  (B) If an amended participation agreement that conforms with section 4745 of this title is required in order to secure participation approval by the Fund, contributions subject to reimbursement under section 4747 of this title shall include only those contributions made to a reserve fund with respect to loans enrolled on or after the date that an amended participation agreement between the participating State and the participating financial institution becomes effective.
• 12 U.S.C. § 4743(d)

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  (d) The Fund shall not approve a State for participation in the Program until at least $50,000,000 has been appropriated to the Fund (subject to an appropriations Act), without fiscal year limitation, for the purpose of making reimbursements pursuant to section 4747 of this title and otherwise carrying out this subchapter.
• 12 U.S.C. § 4745(s)(3)

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  (3) If the Fund determines that the inclusion in a participation agreement of the provisions authorized by this subsection is resulting in the enrollment of loans under the Program that are likely to have been made without assistance provided under this subchapter, the Fund may notify the participating State that henceforth, the Fund will only make reimbursements to the State under section 4747 of this title with respect to a loan if the participation agreement between the participating State and each participating financial institution has been amended to conform with this section, without exercise of the special authority granted by this subsection.
• 12 U.S.C. § 4746(a)(2)

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  (2) indicate the amount of contributions which is subject to reimbursement, which shall be equal to the total amount of contributions, unless one of the limitations contained in section 4747 of this title is applicable;
• 12 U.S.C. § 4746(a)(3)

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  (3) if one of the limitations in section 4747 of this title is applicable, provide documentation of the applicability of such limitation for each loan for which the limitation applies; and
• 12 U.S.C. § 4748(c)

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