§ 3017. Bonds, debentures, notes and other evidences of indebtedness
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(a)Authorization for public or private sale; time of issuance, interest rates, and terms and conditions; outstanding amount The Bank is authorized to obtain funds through the public or private sale of its bonds, debentures, notes, and other evidences of indebtedness. Such obligations shall be issued at such times, bear interest at such rates, and contain such terms and conditions as the Board shall determine: Provided, however, That the amount of such obligations which may be outstanding at any one time pursuant to this section shall not exceed ten times the paid-in capital and surplus of the Bank.
(b)Purchase and sale by Bank; methods of sale and delivery The Bank may purchase its own obligations, and may provide for the sale of any such obligations through a fiscal agent or agents, by negotiation, offer, bid, syndicate sale, or otherwise, and may deliver such obligations by book entry, wire transfer, or such other means as may be appropriate.
(c)Obligations as not guaranteed by United States and not to constitute a debt or obligation of United States Obligations issued under this section shall not be guaranteed by the United States and shall not constitute a debt or obligation of the United States or any agency or instrumentality thereof other than the Bank.
(Pub. L. 95–351, title I, § 107, Aug. 20, 1978, 92 Stat. 507; Pub. L. 97–35, title III, §§ 394(g)(1), 396(d), Aug. 13, 1981, 95 Stat. 437, 440.)
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- Public Law 97–35To provide for reconciliation pursuant to section 301 of the first concurrent resolution on the budget for the fiscal year 1982
- Public Law 95–351To provide for consumers a further means of minimizing the impact of inflation and economic depression by narrowing the price spread between costs to the producer and the consumer of needed goods, services, facilities, and commodities through the development and funding of specialized credit sources
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- Pub. L. 95–351, title I, § 107
- 92 Stat. 507
- Pub. L. 97–35, title III
- 95 Stat. 437
- Pub. L. 97–35, § 394(g)(1)
- Pub. L. 97–35, § 396(d)
- Pub. L. 97–35, title III, § 394(g)(2)
- section 396(a) of Pub. L. 97–35
- section 396(d) of Pub. L. 97–35
- section 396(i) of Pub. L. 97–35
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§ 3017
Bonds, debentures, notes and other evidences of indebtedness
Stat.×5
U.S.C.×4
Pub. L.Pub. L. 95–351, title I, § 107
Stat.92 Stat. 507
Pub. L.Pub. L. 97–35, title III
Stat.95 Stat. 437
Pub. L.Pub. L. 97–35, § 394(g)(1)
Cites 12 · showing 7Cited by 9 across 2 sources