WILLIAM DONALD SCHAEFER, Governor Ch. 224

ACCORDANCE WITH THIS TITLE, THE ORGANIZATIONAL DOCUMENTS OF
THE FUND, AND ANY OTHER APPLICABLE LAW.

(3) ANY DIVIDENDS, ROYALTIES, OR OTHER EARNINGS
RECEIVED AS A RESULT OF THE PROVISION OF COMMUNITY
REINVESTMENT ASSISTANCE OR ANY OTHER REINVESTMENT MADE BY
THE BOARD UNDER THIS TITLE SHALL BE MONEYS OF THE FUND, AND
MAY NOT BE MONEYS OF THE STATE FOR ANY FUNCTION OR PURPOSE.

(B) (1) THE BOARD SHALL DETERMINE, PURSUANT TO THE
ORGANIZATIONAL DOCUMENTS OF THE FUND, THE FORM OF THE
INDEPENDENT LEGAL ENTITY CONSTITUTING THE FUND.

(2) IN ACCORDANCE WITH THE ORGANIZATIONAL
DOCUMENTS OF THE FUND, ENTITIES CONTRIBUTING MONEYS TO THE
FUND MAY BE ENTITLED TO RECEIVE:

(I) A SHARE OR PORTION OF THE INTERESTS OF IN THE
FUND IN PROPORTION TO THE CONTRIBUTION BY SUCH ENTITIES, IN
AMOUNTS AND IN A FORM AS DETERMINED BY THE BOARD; AND

(II) A RETURN ON CONTRIBUTIONS TO THE FUND BASED
UPON:

1. THEIR SHARE OF THE FUND; AND

2. A FIXED RATE OF RETURN, OR THE AMOUNT OF

ANY DIVIDENDS, ROYALTIES, OR OTHER EARNINGS OF THE FUND, OR
UPON SUCH OTHER FORMULA AND IN A FORM AS DETERMINED BY THE
BOARD.

10-105.

(A) THE GENERAL ADMINISTRATION AND RESPONSIBILITY FOR
THE OPERATION OF THE COMMUNITY REINVESTMENT FUND SHALL BE
VESTED IN A BOARD OF TRUSTEES TO BE KNOWN AS THE COMMUNITY
REINVESTMENT BOARD.

(B) THE BOARD SHALL CONSIST OF 2 NONVOTING, EX OFFICIO
TRUSTEES AND AT LEAST 15 VOTING TRUSTEES AS FOLLOWS:

(1) 1 NONVOTING TRUSTEE SHALL BE THE SECRETARY OR
THE SECRETARY'S DESIGNEE, EX OFFICIO;

(2) 1 NONVOTING TRUSTEE SHALL BE THE SECRETARY OF
ECONOMIC AND EMPLOYMENT DEVELOPMENT OR SUCH SECRETARY'S
DESIGNEE, EX OFFICIO; AND

(3) ALL OF THE INITIAL VOTING TRUSTEES SHALL BE
APPOINTED BY THE GOVERNOR; AND

(4) APPOINTMENTS OF VOTING TRUSTEES FOLLOWING THE

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