
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: 12USC4711]

 
                       TITLE 12--BANKS AND BANKING
 
                CHAPTER 47--COMMUNITY DEVELOPMENT BANKING
 
 SUBCHAPTER I--COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS
 
Sec. 4711. Investment of receipts and proceeds


(a) Establishment of account

    Any dividends on equity investments and proceeds from the 
disposition of investments, deposits, or credit union shares that are 
received by the Fund as a result of assistance provided pursuant to 
section 4707 or 4712 of this title, and any fees received pursuant to 
section 4708(f) of this title shall be deposited and accredited to an 
account of the Fund in the United States Treasury (hereafter in this 
section referred to as ``the account'') established to carry out the 
purpose of this subchapter.

(b) Investments

    Upon request of the Administrator, the Secretary of the Treasury 
shall invest amounts deposited in the account in public debt securities 
with maturities suitable to the needs of the Fund, as determined by the 
Administrator, and bearing interest at rates determined by the Secretary 
of the Treasury, comparable to current market yields on outstanding 
marketable obligations of the United States of similar maturities.

(c) Availability

    Amounts deposited into the account and interest earned on such 
amounts pursuant to this section shall be available to the Fund until 
expended.

(Pub. L. 103-325, title I, Sec. 112, Sept. 23, 1994, 108 Stat. 2177.)
