
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: 12USC4744]

 
                       TITLE 12--BANKS AND BANKING
 
                CHAPTER 47--COMMUNITY DEVELOPMENT BANKING
 
            SUBCHAPTER II--SMALL BUSINESS CAPITAL ENHANCEMENT
 
Sec. 4744. Participation agreements


(a) In general

    A participating State may enter into a participation agreement with 
any financial institution determined by the participating State, after 
consultation with the appropriate Federal banking agency, to have 
sufficient commercial lending experience and financial and managerial 
capacity to participate in the Program. The determination by the State 
shall not be reviewable by the Fund.

(b) Participating financial institutions

    Upon entering into the participation agreement with the 
participating State, the financial institution shall become a 
participating financial institution eligible to enroll loans under the 
Program.

(Pub. L. 103-325, title II, Sec. 254, Sept. 23, 1994, 108 Stat. 2207.)

                  Section Referred to in Other Sections

    This section is referred to in sections 4742, 4743 of this title.
