12 USC 2278b-1: Purpose
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12 USC 2278b-1: Purpose Text contains those laws in effect on January 2, 2001
From Title 12-BANKS AND BANKINGCHAPTER 23-FARM CREDIT SYSTEMSUBCHAPTER VI-ASSISTANCE TO FARM CREDIT SYSTEMPart B-Financial Assistance Corporation
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§2278b–1. Purpose

The purpose of the Financial Assistance Corporation shall be to carry out a program to provide capital to institutions of the Farm Credit System that are experiencing financial difficulty and to assist, pursuant to section 2278a–9(e) of this title and subsections (c) through (g) of section 2278b–6 of this title, in the repayment by System institutions to those persons who provided funds in connection with the program.

(Pub. L. 92–181, title VI, §6.21, as added Pub. L. 100–233, title II, §201, Jan. 6, 1988, 101 Stat. 1595 ; amended Pub. L. 102–552, title III, §307(a), Oct. 28, 1992, 106 Stat. 4116 .)

Amendments

1992-Pub. L. 102–552 inserted before period at end "and to assist, pursuant to section 2278a–9(e) of this title and subsections (c) through (g) of section 2278b–6 of this title, in the repayment by System institutions to those persons who provided funds in connection with the program".