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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 23— FARM CREDIT SYSTEM · SUBCHAPTER VI— ASSISTANCE TO FARM CREDIT SYSTEM · § 2278a to 2278b–11

§ 2278a to 2278b–11. Repealed. Pub. L. 115–334, title V, § 5411(39), Dec. 20, 2018, 132 Stat. 4683

1,451 words·~7 min read·/usc/title-12/section-2278a-to-2278b-11·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Pub. L. 115–334, title V, § 5411(39) , Dec. 20, 2018 , 132 Stat. 4683 Sections 2278a to 2278a–13 comprised part A of this subchapter “Assistance Board”. Section 2278a, Pub. L. 92–181, title VI, § 6 .0, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1585 , established the Farm Credit System Assistance Board. Section 2278a–1, Pub. L. 92–181, title VI, § 6 .1, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1585 , set out purposes of the Board.
Section 2278a–2, Pub. L. 92–181, title VI, § 6 .2, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1586 ; amended Pub. L. 102–237, title V, § 502 ( l ), Dec. 13, 1991 , 105 Stat. 1869 , provided for Board of Directors of the Assistance Board. Section 2278a–3, Pub. L. 92–181, title VI, § 6 .3, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1587 ; amended Pub. L. 100–399, title II, § 201(a) , (b), Aug. 17, 1988 , 102 Stat. 990 , established the Assistance Board as a body corporate and set out its powers.
Section 2278a–4, Pub. L. 92–181, title VI, § 6 .4, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1588 ; amended Pub. L. 100–399, title II, § 201(c) , Aug. 17, 1988 , 102 Stat. 991 , related to certification of eligibility to issue preferred stock. Section 2278a–5, Pub. L. 92–181, title VI, § 6 .5, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1588 ; amended Pub. L. 100–399, title II, § 201(d) , (e), Aug. 17, 1988 , 102 Stat. 991 , provided for ways the Board could render assistance to certified institutions.
Section 2278a–6, Pub. L. 92–181, title VI, § 6 .6, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1589 ; amended Pub. L. 100–399, title II, § 201(f) –(i), Aug. 17, 1988 , 102 Stat. 991 ; Pub. L. 101–624, title XVIII, § 1843(a)(2) , Nov. 28, 1990 , 104 Stat. 3836 , related to special powers of the Board. Section 2278a–7, Pub. L. 92–181, title VI, § 6 .7, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1591 ; amended Pub. L. 100–399, title II, § 201(j) , Aug. 17, 1988 , 102 Stat. 991 , related to administrative and financial support for the Board.
Section 2278a–8, Pub. L. 92–181, title VI, § 6 .8, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1591 , provided that the Board’s powers were limited to the purposes specified in this subchapter. Section 2278a–9, Pub. L. 92–181, title VI, § 6 .9, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1591 ; amended Pub. L. 100–399, title II, § 201(k) , ( l ), Aug. 17, 1988 , 102 Stat. 991 ; Pub. L. 102–552, title III, § 301 , Oct. 28, 1992 , 106 Stat. 4107 , provided that the Board would succeed to the assets of and assume all debts, obligations, contracts, and other liabilities of the Capital Corporation.
Section 2278a–10, Pub. L. 92–181, title VI, § 6 .10, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1594 , related to regulations and audits by and for the Board. Section 2278a–11, Pub. L. 92–181, title VI, § 6 .11, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1594 , exempted the Board from various taxes. Section 2278a–12, Pub. L. 92–181, title VI, § 6 .12, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1594 ; amended Pub. L. 100–399, title II, § 201(m) , Aug. 17, 1988 , 102 Stat. 991 , stated that the Assistance Board and its authority would terminate on Dec. 31, 1992 .
Section 2278a–13, Pub. L. 92–181, title VI, § 6 .13, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1594 ; amended Pub. L. 100–399, title II, § 201(n) , Aug. 17, 1988 , 102 Stat. 991 , set out transitional provisions from the Farm Credit Administration Board to the Assistance Board. Sections 2278b to 2278b–11 comprised part B of this subchapter “Financial Assistance Corporation”. Section 2278b, Pub. L. 92–181, title VI, § 6 .20, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1595 , established the Farm Credit System Financial Assistance Corporation.
Section 2278b–1, Pub. L. 92–181, title VI, § 6 .21, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1595 ; amended Pub. L. 102–552, title III, § 307(a) , Oct. 28, 1992 , 106 Stat. 4116 , provided for the purpose of the Financial Assistance Corporation. Section 2278b–2, Pub. L. 92–181, title VI, § 6 .22, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1595 ; amended Pub. L. 100–399, title II, § 201 ( o ), Aug. 17, 1988 , 102 Stat. 991 , provided for a Board of Directors, including its composition and duties.
Section 2278b–3, Pub. L. 92–181, title VI, § 6 .23, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1595 ; amended Pub. L. 102–237, title V, § 502(m) , Dec. 13, 1991 , 105 Stat. 1869 , required the Corporation to issue generally nontransferable stock with a par value of $5 to System institutions. Section 2278b–4, Pub. L. 92–181, title VI, § 6 .24, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1596 ; amended Pub. L. 100–399, title II, § 201(a) , (b), Aug. 17, 1988 , 102 Stat. 990 , granted the Financial Assistance Corporation certain corporate powers.
Section 2278b–5, Pub. L. 92–181, title VI, § 6 .25, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1597 , established the Farm Credit Assistance Fund and the Financial Assistance Corporation Trust Fund. Section 2278b–6, Pub. L. 92–181, title VI, § 6 .26, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1597 ; amended Pub. L. 100–399, title II, § 201(p) –(x), Aug. 17, 1988 , 102 Stat. 991 , 992; Pub. L. 102–552, title III , §§ 302–304(a), 305, 306, Oct. 28, 1992 , 106 Stat. 4109–4111 , 4114, related to debt obligations issued by the Financial Assistance Corporation.
Section 2278b–7, Pub. L. 92–181, title VI, § 6 .27, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1602 ; amended Pub. L. 100–399, title II, § 201(y) –(aa), Aug. 17, 1988 , 102 Stat. 992 , provided for System institution issuance of preferred stock subject to such terms and conditions as authorized by the Assistance Board. Section 2278b–8, Pub. L. 92–181, title VI, § 6 .28, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1603 ; amended Pub. L. 100–399, title II, § 201(bb) , Aug. 17, 1988 , 102 Stat. 992 ;
Pub. L. 102–552, title III, § 304(b) , Oct. 28, 1992 , 106 Stat. 4114 , provided for reimbursement to the Financial Assistance Corporation of certain interest charges. Section 2278b–9, Pub. L. 92–181, title VI, § 6 .29, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1603 ; amended Pub. L. 100–460, title VI, § 646 , Oct. 1, 1988 , 102 Stat. 2266 , related to one-time stock purchases by System institutions from the Financial Assistance Corporation. Section 2278b–10, Pub. L. 92–181, title VI, § 6 .30, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1604 , exempted the Financial Assistance Corporation from various taxes.
Section 2278b–11, Pub. L. 92–181, title VI, § 6 .31, as added Pub. L. 100–233, title II, § 201 , Jan. 6, 1988 , 101 Stat. 1605 ; amended Pub. L. 102–552, title III, § 307(b) , Oct. 28, 1992 , 106 Stat. 4116 , provided for termination of the Financial Assistance Corporation and transfer of remaining funds into the Insurance Fund.
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  • 132 Stat. 4683
  • Pub. L. 92-181
  • Pub. L. 100-233
  • 101 Stat. 1585
  • 101 Stat. 1586
  • Pub. L. 102-237
  • 105 Stat. 1869
  • 101 Stat. 1587
  • Pub. L. 100-399
  • 102 Stat. 990
  • 101 Stat. 1588
  • 102 Stat. 991
  • 101 Stat. 1589
  • Pub. L. 101-624
  • 104 Stat. 3836
  • 101 Stat. 1591
  • Pub. L. 102-552
  • 106 Stat. 4107
  • 101 Stat. 1594
  • 101 Stat. 1595
  • 106 Stat. 4116
  • 101 Stat. 1596
  • 101 Stat. 1597
  • 106 Stat. 4109
  • 101 Stat. 1602
  • 102 Stat. 992
  • 101 Stat. 1603
  • 106 Stat. 4114
  • Pub. L. 100-460
  • 102 Stat. 2266
  • 101 Stat. 1604
  • 101 Stat. 1605
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cites case law
§ 2278a to 2278b–11
Repealed. Pub. L. 115–334, title V, § 5411(39), Dec. 20, 2018, 132 Stat. 4683
Stat.132 Stat. 4683
Pub. L.Pub. L. 92-181
Pub. L.Pub. L. 100-233
Stat.101 Stat. 1585
Stat.101 Stat. 1586
Cites 33 · showing 6Cited by 0 across 0 sources
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