Page:United States Statutes at Large Volume 107 Part 3.djvu/230

This page needs to be proofread.


107 STAT. 2168 PUBLIC LAW 103-182—DEC. 8, 1993 dent of a prc^gram for community adjustment and investment in support of the Agreement piu^uant to chapter 11 of the Cooperation Agreement (hereafter in this section referred to as the "community adjustment and investment program"). (2) The President may receive from the Bank 10 percent of the paid-in capital actually paid to the Bank by the United States I for the President to carry out, without furtner appropriations, through Federal agencies and their loan and loan guarantee programs, the conmiunity a4ju8tment and investment program, pursuant to an agreement oetween the President and the Bank. (3) The President may select one or more Federal agencies that make loans or guarantee the repasnment of loans to assist in carrying out the community adjustment and investment program, and may transfer the funds received from the Bank to sudi agency or agencies for the purpose of assisting in carrying out the community adjustment ana investment program. (4)(A) Each Federal agency selected by the President to assist in carrying out the community ac^'ustment and investment program shall use the funds transferred to it by the President from the Bank to pay for the costs of direct and guaranteed loans, as defined in section 502 of the Congressional Budget Act of 1974, and, as appropriate, other costs associated with such loans, all subject to the restrictions and limitations that apply to such agenc^s existing loan or loan guarantee program. (B) Funds transferred to an agency under subparagraph (A) shall be in addition to the amount of funds authorized m any appropriations Act to be expended by that agency for its loan or loan guarantee program. President. (5) The President shall— (A) establish guidelines for the loans and loan gu£u*antees to be made under the community a4justment and investment program; (B) endorse the grants made by the Bank for the community a4justment and investment program, as provided in Article I, section 1(b), and Article III, section 11(a), of Chapter II of the Cooperation Agreement; and (C) endorse any loans or guarantees made by the Bank for the community adjustment and investment program, as provided in Article I, section 1(b), and Article III, section 6 (a) and (c) of Chapter II of the Cooperation Agreement. (b) ADVISORY COMMITTEE. — President. (1) ESTABLISHMENT.—The President shall establish an advisory committee to be known as the Community Adjustment and Investment Program Advisory Committee (in this section referred to as the "Advisory Committee") in accordance with the provisions of the Federal Advisory Committee Act. (2) MEMBERSHIP.— (A) IN GENERAL.— The Advisory Committee shall consist of 9 members of the public, appointed by the President, who, collectively, represent— (i) community groups whose constituencies include low-income families; (ii) any scientific, professional, business, nonprofit, or public interest organization or association which is neither affiliated with, nor under the direction of, a government; (iii) for-profit business interests; and