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12 U.S.C. § 2281 — Congressional findings and declaration of purpose
Federal law — U.S. Code and appendices · legal_authorities
The Congress finds that demands for funds through Federal and federally assisted borrowing programs are increasing faster than the total supply of credit and that such borrowings are not adequately coordinated with overall Federal fiscal and debt management policies. The purpose of this chapter is to assure coordination of these programs with the overall economic and fiscal policies of the Government, to reduce the cost of Federal and federally assisted borrowings from the public, and to assure that such borrowings are financed in a manner least disruptive of private financial markets and institutions.
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Stable record: federal_law:legal_authorities:record_usc_272d771eaa4f2c3c48e5ad14
Source file: Laws/federal/codes/united-states-code/title-12/section-2281-congressional-findings-and-declaration-of-purpose--414d436a28.md
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Passage SHA-256: 05d3baf64c8d38d93b9c46cbd6c5fa788e4259c27ce7464e3284b4ae76c2cd63
Source location: Title 12, Chapter 24, § 2281; chapter-024-federal-financing-bank.md
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The Congress finds that demands for funds through Federal and federally assisted borrowing programs are increasing faster than the total supply of credit and that such borrowings are not adequately coordinated with overall Federal fiscal and debt management policies. The purpose of this chapter is to assure coordination of these programs with the overall economic and fiscal policies of the Government, to reduce the cost of Federal and federally assisted borrowings from the public, and to assure that such borrowings are financed in a manner least disruptive of private financial markets and institutions.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In General.—**
(1) **Advisory committees in existence on january 5, 1973.—** — Each advisory committee that is in existence on January 5, 1973, shall terminate not later than the expiration of the 2-year period following that date unless—
(A) in the case of an advisory committee established by the President or an officer of the Federal Government, such advisory committee is renewed by the President or that officer by appropriate action prior to the expiration of such 2-year period; or
(B) in the case of an advisory committee established by an Act of Congress, its duration is otherwise provided for by law.
(2) **Advisory committees established after january 5, 1973.—** — Each advisory committee established after January 5, 1973, shall terminate not later than the expiration of the 2-year period beginning on the date of its establishment unless—
(A) in the case of an advisory committee established by the President or an officer of the Federal Government 11 So in original. Probably should be followed by a comma. such advisory committee is renewed by the President or such officer by appropriate action prior to the end of such period; or
(B) in the case of an advisory committee established by an Act of Congress, its duration is otherwise provided for by law.
**(b) Charters.—**
(1) **Upon renewal.—** — Upon the renewal of an advisory committee, the advisory committee shall file a charter in accordance with [section 1008(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section1008/c&num=0&edition=prelim).
(2) **Upon expiration of successive 2-year periods.—** — An advisory committee established by an Act of Congress shall file a charter in accordance with [section 1008(c) of this title](https://uscode.house.gov/view.x
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 1013
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Method, source, timing, terms, and conditions of sale of obligations issued or sold by Federal agencies** To insure the orderly and coordinated marketing of Treasury and Federal agency obligations and appropriate financing planning with respect thereto, and to facilitate the effective financing of programs authorized by law subject to the applicable provisions of such law, the prior approval of the Secretary of the Treasury shall be required with respect to—
(1) the method of financing,
(2) the source of financing,
(3) the timing of financing in relation to market conditions and financing by other Federal agencies, and
(4) the financing terms and conditions, including rates of interest and maturities,
of obligations issued or sold by any Federal agency; except that the approval of the Secretary of the Treasury shall not be required with respect to (A) obligations issued or sold pursuant to an Act of Congress which expressly prohibits any guarantee of such obligations by the United States, and (B) obligations issued or sold by the Farmers Home Administration.
**(b) Grant or denial of approval by Secretary** Upon receipt of a request from a Federal agency for his approval under subsection (a) of this section, the Secretary of the Treasury shall act promptly either to grant his approval or to advise the agency of the reasons for withholding his approval. In no case shall the Secretary of the Treasury withhold such approval for a period longer than sixty days unless, prior to the end of such period, he submits to the Congress a detailed explanation of his reasons for so doing. In no case shall the Secretary withhold such approval for a period longer than one hundred and twenty days. To the maximum extent practicable, withholdings of approval shall be made in a ma
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2286
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Federal law — U.S. Code and appendices · legal_authorities
Upon duly making and filing articles of association and an organization certificate a national banking association shall become, as from the date of the execution of its organization certificate, a body corporate, and as such, and in the name designated in the organization certificate, it shall have power—
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 24
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Borrowing from Treasury**
(1) **In general** — The Corporation is authorized to borrow from the Treasury, and the Secretary of the Treasury is authorized and directed to loan to the Corporation on such terms as may be fixed by the Corporation and the Secretary, such funds as in the judgment of the Board of Directors of the Corporation are from time to time required for insurance purposes, not exceeding in the aggregate $100,000,000,000 outstanding at any one time, subject to the approval of the Secretary of the Treasury: Provided, That the rate of interest to be charged in connection with any loan made pursuant to this subsection shall not be less than an amount determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable maturities. For such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds of the sale of any securities hereafter issued under chapter 31 of title 31, and the purposes for which securities may be issued under chapter 31 of title 31 are extended to include such loans. Any such loan shall be used by the Corporation solely in carrying out its functions with respect to such insurance. All loans and repayments under this subsection shall be treated as public-debt transactions of the United States. The Corporation may employ any funds obtained under this section for purposes of the Deposit Insurance Fund and the borrowing shall become a liability of the Deposit Insurance Fund to the extent funds are employed therefor.
(2) **Funding** — There are hereby appropriated to the Secretary, for fiscal year 1989 and each fiscal year thereafter, such sums as may be necessary to carry out this subsection.
(3)
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1824
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority of Secretary concerned** Subject to sections 8812 and 8817 of this title, the Secretary concerned may commit to guarantee, and guarantee, against loss of principal and interest, loans which are made to provide funds for the construction of biomass energy projects.
**(b) Estimated project construction costs as determinative of initial and revised amount of guarantee**
(1) Any guarantee of a loan under this section may not exceed 90 per centum of the cost of the construction of the biomass energy project involved, as estimated by the Secretary on the date of the guarantee or commitment to guarantee.
(2) In the event the construction costs of the project are thereafter estimated by the Secretary concerned to exceed the construction costs initially estimated by the Secretary, the Secretary may in addition, upon application therefor, guarantee, against loss of principal and interest, a loan for up to 60 per centum of the difference between the construction costs then estimated and the construction costs initially estimated.
**(c) Debt obligation; ineligibility for purchase, etc., by Federal Financing Bank or any Federal agency** Notwithstanding the provisions of the Federal Financing Bank Act of 1973 ([12 U.S.C. 2281](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2281&num=0&edition=prelim) et seq.) or any other provision of law (except as may be specifically provided by reference to this subsection in any Act enacted after June 30, 1980), no debt obligation which is guaranteed or committed to be guaranteed by the Secretary of Agriculture or the Secretary of Energy under this section shall be eligible for purchase by, or commitment to purchase by, or sale or issuance to, the Federal Financing Bank or any Federal agency.
**(d)
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8818
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Priorities, terms, availability, etc.**
(1) Priority for financial assistance under the provisions of sections 8832, 8833, and 8834 of this title and the most favorable financial terms available, shall be provided for any municipal waste energy project that will—
(A) produce a liquid fuel from municipal waste; or
(B) will displace petroleum or natural gas as a fuel.
(2)
(A) With respect to projects producing biomass energy other than biomass fuel, financial assistance under the provisions of sections 8832, 8833, and 8834 of this title shall be available only if the Secretary of Energy finds that the project does not use petroleum or natural gas except for flame stabilization or start-up.
(B) With respect to projects producing biomass fuel, financial assistance under such provisions shall be available to such project only if the Secretary of Energy finds that the Btu content of the biomass fuel produced substantially exceeds the Btu content of any petroleum or natural gas used in the project to produce the biomass fuel.
(3) Financial assistance may not be provided under section 8832, 8833, or 8834 of this title unless the Secretary of Energy finds that necessary municipal waste feedstocks are available and it is reasonable to expect they will continue to be available for the expected economic life of the project.
(4) In providing financial assistance under section 8832, 8833, or 8834 of this title, the Secretary of Energy shall give due consideration to promoting competition.
(5) In determining the amount of financial assistance for any municipal waste energy project which will yield byproducts in addition to biomass energy, the Secretary shall consider the value of such byproducts and the costs attributable to their production.
(6) The Secretary
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8839
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Federal law — U.S. Code and appendices · legal_authorities
Page 1434
TITLE 12—BANKS AND BANKING
§ 2281
ership, a Farm Credit bank may purchase as-
sets of the Corporation.
(g) Agreements against interests of conservator
or receiver
No agreement that tends to diminish or defeat
the right, title, or interest of the conservator or
receiver for the Corporation in any asset ac-
quired by the conservator or receiver as conser-
vator or receiver for the Corporation shall be
valid against the conservator or receiver unless
the agreement—
(1) is in writing;
(2) is executed by the Corporation and any
person claiming an adverse interest under the
agreement, including the obligor, contempora-
neously with the acquisition of the asset by
the Corporation;
(3) is approved by the Board or an appro-
priate committee of the Board, which approval
shall be reflected in the minutes of the Board
or committee; and
(4) has been, continuously, from the time of
the agreement’s execution, an official record
of the Corporation.
(h) Report to Congress
On a determination by the receiver for the
Corporation that there are insufficient assets of
the receivership to pay all valid claims against
the receivership, the receiver shall submit to
the Secretary of the Treasury, the Committee
on Agriculture of the House of Representatives,
and the Committee on Agriculture, Nutrition,
and Forestry of the Senate a report on the fi-
nancial condition of the receivership.
(i) Termination of authorities
(1) Corporation
The charter of the Corporation shall be can-
celed, and the authority provided to the Cor-
poration by this subchapter shall terminate,
on such date as the Farm Credit Administra-
tion Board determines is appropriate following
the placement of the Corporation in receiver-
ship, but not later than the conclusion of the
receiver
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2281
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