12 U.S. Code § 2278b–11 - Termination

prev | next
(a) Financial Assistance Corporation
The Financial Assistance Corporation and the authority provided to such Corporation by this part shall terminate on the complete discharge by the Financial Assistance Corporation of its responsibilities under section 2278a–9 (e) of this title and subsections (c) through (g) ofsection 2278b–6 of this title with regard to repayments by System institutions, but in no event later than 2 years following the maturity and full payment of all debt obligations issued under section 2278b–6 (a) of this title.
(b) Accounts
Simultaneously with the termination of the Financial Assistance Corporation as provided in subsection (a) of this section, any funds in the accounts established under section 2278b–5 of this title shall be transferred to the Insurance Fund established under section 2277a–9 of this title.

Source

(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.)
Amendments

1992—Subsec. (a). Pub. L. 102–552substituted “terminate on the complete discharge by the Financial Assistance Corporation of its responsibilities under section 2278a–9 (e) of this title and subsections (c) through (g) ofsection 2278b–6 of this title with regard to repayments by System institutions, but in no event later than 2 years following” for “terminate on”.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


12 CFR - Banks and Banking

12 CFR Part 612 - STANDARDS OF CONDUCT AND REFERRAL OF KNOWN OR SUSPECTED CRIMINAL VIOLATIONS

12 CFR Part 615 - FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.