12 U.S. Code § 2278a–8 - Limitation of powers

(a) Purposes
The powers of the Assistance Board under this subchapter shall be exercised only for the purposes specified in this subchapter and shall not be exercised in a manner that would result in the Assistance Board supplanting the Farm Credit System lending institutions as the primary providers of credit and other financial services to farmers, ranchers, and the cooperatives of such.
(b) Prohibition
The powers of the Assistance Board under this subchapter shall not include the management, administration, or disposition of any loans or other assets owned by other System institutions, or the providing of technical assistance or other related services to other System institutions in connection with the administration of loans owned by such other institutions.

Source

(Pub. L. 92–181, title VI, § 6.8, as added Pub. L. 100–233, title II, § 201,Jan. 6, 1988, 101 Stat. 1591.)

 

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