Amendment of S.1. 2003/9611
1
Schedule 1 is amended as follows.
2
In paragraph 48—
a
in sub-paragraph (1) omit the words “or equity investment in”, and
b
in sub-paragraph (3)—
i
in paragraph (a) omit “or equity investments”,
ii
in paragraph (b) omit “or investment”, and
iii
for “shall determine which of those loans or investments shall not” substitute “shall determine which of those loans shall not”.
3
In paragraph 9—
a
For sub-paragraph (a), substitute—
a
for the first year following the date the first investment is made in the CDFI, the date the investment is made by that CDFI, and
b
in sub-paragraph (b) for “accreditation date” substitute “date the first investment is made in the CDFI”.
4
In paragraph 11(1)(a)—
a
for paragraph (i), substitute—
i
for the first year following the date the first investment is made in the CDFI, the date the investment is made by that CDFI, and
b
in paragraph (ii), for “accreditation date” substitute “date the first investment is made in the CDFI”.