12 USC 2147 - Patronage pools

U.S Code last checked for updates: Nov 23, 2024

§ 2147.

Patronage pools

Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—

(1)

for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and

(2)

allocate revenues, expenses, and net savings among such pools on an equitable basis.

(Pub. L. 92–181, title III, § 3.26, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)

cite as: 12 USC 2147