Page:United States Statutes at Large Volume 108 Part 3.djvu/411

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PUBLIC LAW 103-325—SEPT. 23, 1994 108 STAT. 2163 Sec. 562. Task Force on Natural and Beneficial Functions of the Floodplain. Subtitle F—Miscellaneous Provisions Sec. 571. Extension of flood insurance program. Sec. 572. Limitation on premium increases. Sec. 573. Maximum flood insurance coverage amounts. Sec. 574. Flood insurance program arrangements with private insurance entities. Sec. 575. Updating of flooa maps. Sec. 576. Technical Mapping Advisory Council. Sec. 577. Evaluation of erosion hazards. Sec. 578. Study of economic effects of charging actuarially based premium rates for Sre -FIRM structures, ective dates of policies. Sec. 580. Agricultural structures. Sec. 581. Implementation review by Director. Sec. 582. Prohibited flood disaster assistance. Sec. 583. Regulations. Sec. 584. Relation to State and local laws. TITLE VI—MISCELLANEOUS PROVISIONS Sec. 601. Oversight hearings. Sec. 602. Technical amendments to the Federal banking laws. TITLE I—COMMUNITY DEVELOPMENT AND CONSUMER PROTECTION Subtitle A—Community Development Banking and Financial Institutions Act SEC. 101. SHORT TITLE. This subtitle may be cited as the "Community Development Banking and Financial Institutions Act of 1994". SEC. 102. FINDINGS AND PURPOSES. (a) FINDINGS. —The Congress finds that— (1) many of the Nation's urban, rural, and Native American communities face critical social and economic problems arising in part from the lack of economic growth, people living in poverty, and the lack of employment and other opportunities; (2) the restoration and maintenance of the economies of these communities will require coordinated development strategies, intensive supportive services, and increased access to equity investments and loans for development activities, including investment in businesses, housing, commercial real estate, human development, and other activities that promote the longterm economic and social viability of the community; and (3) community development financial institutions have proven their ability to identify and respond to community needs for equity investments, loans, and development services. (b) PURPOSE. —The purpose of this subtitle is to create a Community Development Financial Institutions Fund to promote economic revitalization and community development through investment in and assistance to community development financial institutions, including enhancing the liquidity of community development financial institutions. SEC. 103. DEFINITIONS. For purposes of this subtitle, the following definitions shall apply: Community Development Banking and Financial Institutions Act of 1994. 12 USC 4701 note. 12 USC 4701. 12 USC 4702.