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TREAS/DO RIN: 1505-AA71 Publication ID: Spring 1999 
Title: Community Development Financial Institutions Program; Bank Enterprise Award Program Regulations 
Abstract: The Department of the Treasury has issued a revision of a temporary rule for public comment to implement two programs that will be administered by the Community Development Financial Institutions (CDFI) Fund: the CDFI Program and the Bank Enterprise Award (BEA) Program. These programs were authorized by the Community Development Banking and Financial Institutions Act of 1994. The CDFI Program's core component provides direct assistance to CDFIs that serve their target markets through loans, investments and other activities. The CDFI Program's intermediary component provides financial assistance to CDFIs that provide financing primarily to other CDFIs and/or support the information of CDFIs. The CDFI Program's new technical assistance component provides technical assistance to CDFIs to enhance their capacity through training and/or development. The BEA Program encourages insured depository institutions to engage in certain development and service activities within distressed communities and to make investments in CDFIs. The regulations establish eligibility criteria and application procedures for financial assistance through these programs. The regulations also establish the appropriate environmental review procedures for these two programs. 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1805 (New)    12 CFR 1806 (New)    12 CFR 1815 (New)   
Legal Authority: 12 USC 4703    12 USC 4713    PL 104-19    42 USC 4332   
Timetable:
Action Date FR Cite
Interim Final Rule  10/19/1995  60 FR 54110   
Interim Final Rule Comment Period End  01/15/1996    
Extended Comment Period End  03/15/1996  61 FR 1699   
No Further Action Planned  02/19/1999    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Included in the Regulatory Plan: No 
Agency Contact:
Jeffrey C. Berg
Legal Counsel
Department of the Treasury
Departmental Offices
Suite 200 South, Community Development Financial Institutions Fund, 601 13th Street NW.,
Washington, DC 20005
Phone:202 622-8530
Fax:202 622-8244
Email: bergj@cdfi.treas.gov