Bank Enterprise Award Program; Amended Notice of Funds Availability (NOFA) for the Bank Enterprise Award (BEA) Program

요약

The Community Development Financial Institutions Fund (the Fund) issues this amendment to the Notice of Funds Availability (NOFA) published in the Federal Register on March 7, 1997, which invited applications for the Bank Enterprise Award (BEA) Program. That NOFA identified the applicable Assessment Period as March 1, 1997 through August 31, 1997. Since publication, the Fund has learned that technical advice that the Fund provided to an entity in connection with the entity's certification as a Community Development Financial Institution (CDFI) under 12 CFR part 1805 may have led the entity to obtain investment capital from insured depository institutions prior to the commencement of the Assessment Period. Currently, pursuant to the BEA Program as set forth in the March 7, 1997 NOFA and the BEA Program regulations at 12 CFR part 1806, CDFI Related Activities carried out by insured depository institutions before March 1, 1997 are not eligible for an award. To fulfill the purpose of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4701 et seq.), the Fund will allow insured depository institution applicants the option of electing an Assessment Period