§ 2244. Chairman; responsibilities; governing standards
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/usc/title-12/section-2244A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Chairman of Farm Credit Administration Board; power and authority
(1)The Chairman of the Board shall be the chief executive officer of the Farm Credit Administration.
(2)In carrying out the responsibilities of the chief executive officer, the Chairman shall be responsible for directing the implementation of policies and regulations adopted by the Board and, after consultation with the Board, the execution of the administrative functions and duties of the Farm Credit Administration.
(3)In carrying out policies as directed by the Board, the Chairman shall act as spokesperson for the Board and represent the Board and the Farm Credit Administration in their official relations within the Federal Government.
(4)Under policies adopted by the Board, the Chairman shall consult on a regular basis with—
(A)the Secretary of the Treasury concerning the exercise, by the System, of the powers conferred under section 2153 of this title;
(B)the Board of Governors of the Federal Reserve System concerning the effect of System lending activities on national monetary policy; and
(C)the Secretary of Agriculture concerning the effect of System policies on farmers, ranchers, and the agricultural economy.
(b)Governing standards In carrying out responsibilities under this chapter, the Chairman of the Board shall be governed by general policies adopted by the Board and by such regulatory decisions, findings, and determinations as the Board may by law be authorized to make and, as to third persons, all acts of the Chairman of the Board shall be conclusively presumed to be in compliance with such general policies and regulatory decisions, findings, and determinations.
(c)Enforcement of rules, regulations, and orders of Board; civil proceedings; representation by attorneys The Chairman of the Board shall enforce the rules, regulations, and orders of the Board. Except as provided in section 518 of title 28, relating to litigation before the Supreme Court, attorneys designated by the Chairman shall represent the Farm Credit Administration in any civil proceeding or civil action brought in connection with the administration of conservatorships and receiverships. Attorneys designated by the Chairman may represent the Farm Credit Administration in any other civil proceedings or civil action when so authorized by the Attorney General under provisions of title 28.
(Pub. L. 92–181, title V, § 5.10, Dec. 10, 1971, 85 Stat. 619; Pub. L. 96–592, title V, § 504, Dec. 24, 1980, 94 Stat. 3449; Pub. L. 99–205, title II, § 201(1), Dec. 23, 1985, 99 Stat. 1689; Pub. L. 100–233, title IV, § 431(b), Jan. 6, 1988, 101 Stat. 1658.)
Connections4 cite this · traces to 4
Cited by 4 sections
statutes-at-large
- Public Law 99–205To amend the Farm Credit Act of 1971, to restructure and reform the Farm Credit System, and for other purposes
- Public Law 96–592To amend the Farm Credit Act of 1971 to permit Farm Credit System institutions to improve their services to borrowers, and for other purposes
- Public Law 100–233To provide credit assistance to farmers, to strengthen the Farm Credit System, to facilitate the establishment of secondary markets for agricultural loans, and for other purposes
statute-compilations
13 references not yet in our index
- Pub. L. 92–181, title V, § 5
- 85 Stat. 619
- Pub. L. 96–592, title V, § 504
- 94 Stat. 3449
- Pub. L. 99–205, title II, § 201(1)
- 99 Stat. 1689
- Pub. L. 100–233, title IV, § 431(b)
- 101 Stat. 1658
- Pub. L. 100–233
- Pub. L. 99–205
- Pub. L. 96–592
- section 401 of Pub. L. 99–205
- section 402 of Pub. L. 99–205
Citation graph
cites case law
§ 2244
Chairman; responsibilities; governing standards
Stat.×3
Stat. Comp.×1
Pub. L.Pub. L. 92–181, title V, § 5
Stat.85 Stat. 619
Pub. L.Pub. L. 96–592, title V, § 504
Stat.94 Stat. 3449
Pub. L.Pub. L. 99–205, title II, § 201(1)
Cites 17 · showing 9Cited by 4 across 2 sources