
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC4709]

 
                       TITLE 12--BANKS AND BANKING
 
                CHAPTER 47--COMMUNITY DEVELOPMENT BANKING
 
 SUBCHAPTER I--COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS
 
Sec. 4709. Encouragement of private entities

    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.

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