12 U.S.C. § 4709 — Encouragement of private entities

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER I—COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS

Encouragement of private entities

12 U.S.C. § 4709

ChapterSUBCHAPTER I—COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS

This text of 12 U.S.C. § 4709 (Encouragement of private entities) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 4709.

Text

The Fund may facilitate the organization of corporations in which the Federal Government has no ownership interest. The purpose of any such entity shall be to assist community development financial institutions in a manner that is complementary to the activities of the Fund under this subchapter. Any such entity shall be managed exclusively by persons not employed by the Federal Government or any agency or instrumentality thereof, or by any State or local government or any agency or instrumentality thereof.

Free access — add to your briefcase to read the full text and ask questions with AI

The Fund may facilitate the organization of corporations in which the Federal Government has no ownership interest. The purpose of any such entity shall be to assist community development financial institutions in a manner that is complementary to the activities of the Fund under this subchapter. Any such entity shall be managed exclusively by persons not employed by the Federal Government or any agency or instrumentality thereof, or by any State or local government or any agency or instrumentality thereof.

Source Credit

History

(Pub. L. 103–325, title I, §110, Sept. 23, 1994, 108 Stat. 2177.)

Cite This Page — Counsel Stack

Bluebook (online)

12 U.S.C. § 4709, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/4709.