TREASURY DIRECTIVE 11-02
Date: November 2, 1998
Sunset Review: November 2, 2000
Expiration Date: November 2, 2001
SUBJECT: Delegation of Authority for Administering the Community Development Financial Institutions Fund
1. DELEGATION.
a. Pursuant to Treasury Order (TO) 101-20, this Directive delegates to the Director, Community Development Financial Institutions Fund, all duties, powers, rights, and obligations vested by TO 101-20 in the Under Secretary (Domestic Finance) for purposes of administering the Community Development Financial Institutions Fund, a wholly owned government corporation within the Department of the Treasury.
b. The Director, Community Development Financial Institutions Fund, is designated as an officer of the Community Development Financial Institutions Fund pursuant to section 104(b)(3) of the Community Development Banking and Financial Institutions Act of 1994, subtitle A of title I of the Riegle Community Development and Regulatory Improvement Action of 1994, P.L. 103-325 (12 U.S.C. 4703 (b)(3)).
2. The Director, Community Development Financial Institutions Fund, shall report to the Under Secretary (Domestic Finance).
3. The Director, Community Development Financial Institutions Fund, may redelegate in writing to officers of the Community Development Financial Institutions Fund such of the authority granted under this Directive as the Director deems appropriate. For purposes of such redelegation of authority, the Director, Community Development Financial Institutions Fund, may designate as officers, in writing, such individuals as the Director deems appropriate.
4. AUTHORITY. TO 101-20, "Administering the Community Development Financial Institutions Fund," dated August 14, 1995.
5. EXPIRATION DATE. This Directive shall expire three years from the date of issuance unless superseded or canceled prior to that date.
6. OFFICE OF PRIMARY INTEREST. Office of the Under Secretary (Domestic Finance).
John D. Hawke, Jr.
Under Secretary (Domestic Finance)