12 USC 2250 - Farm Credit Administration operating expenses fund

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

§ 2250.

Farm Credit Administration operating expenses fund

(a)

Determinations required

(1)

Generally

Prior to the first day of each fiscal year, the Farm Credit Administration shall determine—

(A)

the cost of administering this chapter for the subsequent fiscal year, including expenses for official functions;

(B)

the amount of assessments that will be required to pay such administrative expenses, taking into consideration the funds contained in the Administrative Expense Account, and maintain a necessary reserve; and

(C)

the amount of assessments that will be required to pay the costs of supervising and examining the Mortgage Corporation established under subchapter VIII.

(2)

Apportionments

On the basis of the determinations made under paragraph (1), the Farm Credit Administration shall—

(A)

apportion the amount of the assessment described in paragraph (1)(B) among the System institutions on a basis that is determined to be equitable by the Farm Credit Administration;

(B)

assess and collect such apportioned amounts from time to time during the fiscal year as determined necessary by the Farm Credit Administration; and

(C)

assess and collect from the Mortgage Corporation, from time to time during the fiscal year, the amount described in paragraph (1)(C).

(b)

Deposits into fund

(1)

Treasury fund

(2)

Nongovernment funds

(3)

Investment

(A)

Authority

(B)

Returns

(C)

Type

(Pub. L. 92–181, title V, § 5.15, formerly § 5.16, Dec. 10, 1971, 85 Stat. 620; renumbered § 5.15 and amended Pub. L. 99–205, title II, §§ 201(5), 205(g)(6), Dec. 23, 1985, 99 Stat. 1690, 1707; Pub. L. 100–233, title IV, § 432(a), Jan. 6, 1988, 101 Stat. 1660; Pub. L. 100–399, title IV, § 416(a), (b), Aug. 17, 1988, 102 Stat. 1004; Pub. L. 102–552, title V, § 510, Oct. 28, 1992, 106 Stat. 4132.)

cite as: 12 USC 2250