; (2) the term community development financial institution has the meaning given the term in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4702 ); and (3) the term Fund means the Community Development Financial Institutions Fund established under section 104(a)(1) of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4703(a)(1) ). (b) Appropriation Subject to subsections (c) and (d), there is appropriated to the Fund, out of amounts in the Treasury not otherwise appropriated, $1,000,000,000 for fiscal year 2020, to remain available until expended. (c) Requirements In providing assistance from the Fund using amounts appropriated under subsection (b), the Administrator shall— (1) give priority to minority-led community development financial institutions or community development financial institutions with demonstrable records of serving communities of color to promote economic recovery, including operational support, due to the impact of the novel Coronavirus (COVID–19); (2) determine the criteria for the selection of organizations to receive awards from the Fund; and (3) make funds available not later than 60 days after the date of enactment of this Act. (d) Transfer Amounts appropriated under subsection (b) may be transferred to and merged with amounts provided for administrative expenses of the Fund under the heading Community development financial institutions fund program account , including administration of Fund programs and the New Markets Tax Credit Program. 5. Emergency designation (a) In general The amounts provided under this Act are designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 ( 2 U.S.C. 933(g) ). (b) Designation in senate In the Senate, this Act is designated as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018.