124 STAT. 2569 PUBLIC LAW 111–240—SEPT. 27, 2010 are insured in accordance with the Federal Credit Union Act. (3) ENROLLED LOAN.—The term ‘‘enrolled loan’’ means a loan made by a financial institution lender that is enrolled by a participating State in an approved State capital access program in accordance with this title. (4) FEDERAL CONTRIBUTION.—The term ‘‘Federal contribu- tion’’ means the portion of the contribution made by a partici- pating State to, or for the account of, an approved State pro- gram that is made with Federal funds allocated to the State by the Secretary under section 3003. (5) FINANCIAL INSTITUTION.—The term ‘‘financial institu- tion’’ means any insured depository institution, insured credit union, or community development financial institution, as those terms are each defined in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4702). (6) PARTICIPATING STATE.—The term ‘‘participating State’’ means any State that has been approved for participation in the Program under section 3004. (7) PROGRAM.—The term ‘‘Program’’ means the State Small Business Credit Initiative established under this title. (8) QUALIFYING LOAN OR SWAP FUNDING FACILITY.—The term ‘‘qualifying loan or swap funding facility’’ means a contrac- tual arrangement between a participating State and a private financial entity under which— (A) the participating State delivers funds to the entity as collateral; (B) the entity provides funding from the arrangement back to the participating State; and (C) the full amount of resulting funding from the arrangement, less any fees and other costs of the arrange- ment, is contributed to, or for the account of, an approved State program. (9) RESERVE FUND.—The term ‘‘reserve fund’’ means a fund, established by a participating State, dedicated to a particular financial institution lender, for the purposes of— (A) depositing all required premium charges paid by the financial institution lender and by each borrower receiving a loan under an approved State program from that financial institution lender; (B) depositing contributions made by the participating State, including State contributions made with Federal contributions; and (C) covering losses on enrolled loans by disbursing accumulated funds. (10) STATE.—The term ‘‘State’’ means— (A) a State of the United States; (B) the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of Northern Mariana Islands, Guam, American Samoa, and the United States Virgin Islands; (C) when designated by a State of the United States, a political subdivision of that State that the Secretary determines has the capacity to participate in the Program; and
