Finance et marchés · 25/11/19961 min de lecture
Notice of Funds Availability (NOFA); Amendments to Previously Published Notice for the Bank Enterprise Award Program
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Résumé
The Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4701 et. seq.) authorizes the Community Development Financial Institutions Fund (hereafter referred to as ``the Fund'') to provide assistance to insured depository institutions for the purpose of promoting investments in Community Development Financial Institutions (``CDFIs'') and facilitating increased lending and provision of financial and other services in economically distressed communities. Insured depository institutions and CDFIs are defined terms under an interim rule (12 CFR part 1806) published in the Federal Register on October 19, 1995 and subsequently amended on January 23, 1996 and February 29, 1996. The BEA Program is subject to the interim rule. The interim rule establishes the program requirements. This notice amends a Notice of Funds Availability published in the Federal Register on October 19, 1995. The notice is amended to permit applicants to select, with the consent of the Fund, a six-month Assessment Period that differs from the six-month period specified in the previously published NOFA. The notice also gives the Fund more flexibility with respect to establishing any limitati