---
kind: "section"
citation: "12 U.S.C. § 4748"
title: "12"
title_heading: "Banks and Banking"
number: "4748"
heading: "Reimbursement to Fund"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4748"
units:
  - "Chapter 47 — Community Development Banking"
  - "Subchapter II — Small Business Capital Enhancement"
---

# §4748. Reimbursement to Fund

- (a) **In general—** If a [participating State](/usc/12/4742.md?p=7) withdraws [funds](/usc/12/4702.md?p=10) from a [reserve fund](/usc/12/4742.md?p=10) pursuant to terms of the participation agreement permitted by subsection (d) or (r) of [section 4745 of this title](/usc/12/4745.md), such [participating State](/usc/12/4742.md?p=7) shall, not later than 15 calendar days after such withdrawal, submit to the [Fund](/usc/12/4702.md?p=10) an amount computed by multiplying the amount withdrawn by the appropriate factor, as determined under [subsection (b)](#b).
- (b) **Factor—** The appropriate factor shall be obtained by dividing the total amount of contributions that have been made by the [participating State](/usc/12/4742.md?p=7) to all [reserve funds](/usc/12/4742.md?p=10) which were subject to reimbursement—
  - (1) by 2; and
  - (2) by the total amount of contributions made by the [participating State](/usc/12/4742.md?p=7) to all [reserve funds](/usc/12/4742.md?p=10), including if applicable, contributions that have been made by the [State](/usc/12/4702.md?p=18) prior to becoming a [participating State](/usc/12/4742.md?p=7) if the [State](/usc/12/4702.md?p=18) continued its own capital access [program](/usc/12/4742.md?p=9) in accordance with [section 4743(b) of this title](/usc/12/4743.md?p=b).
- (c) **Use of reimbursements—** The [Fund](/usc/12/4702.md?p=10) may use [funds](/usc/12/4702.md?p=10) reimbursed pursuant to this section to make reimbursements under [section 4747 of this title](/usc/12/4747.md).

## Source credit

(Pub. L. 103–325, title II, § 258, Sept. 23, 1994, 108 Stat. 2213.)