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12 U.S.C. § 2022 — Related services
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Farm Credit Banks may provide technical assistance to borrowers, members, and applicants from the bank and associations in the district, including persons obligated on paper discounted by the bank, and may make available to them at their option such financial related services appropriate to their on-farm and aquatic operations as determined to be feasible by the board of directors of the bank, under regulations of the Farm Credit Administration.
**(b) Authority to pass along cost of insurance premiums**
(1) **In general** — Each Farm Credit Bank may assess each production credit association, other association making direct loans under the authority provided under [section 2279b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279b&num=0&edition=prelim), and other financing institution described in [section 2015(b)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2015/b/1/B&num=0&edition=prelim) in the district in which the bank is located to cover the costs of making premium payments under part E of subchapter V.
(2) **Computation** — The assessment on any association or other financing institution described in paragraph (1) for any period shall be computed in an equitable manner, as determined by the Corporation.
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Stable record: federal_law:legal_authorities:record_usc_4cf3c30d6ffefcbd82740bbe
Source file: Laws/federal/codes/united-states-code/title-12/section-2022-related-services--7b2fb1d2c0.md
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Source location: Title 12, Chapter 23, § 2022; chapter-023-farm-credit-system.md
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**(a) In general** The Farm Credit Banks may provide technical assistance to borrowers, members, and applicants from the bank and associations in the district, including persons obligated on paper discounted by the bank, and may make available to them at their option such financial related services appropriate to their on-farm and aquatic operations as determined to be feasible by the board of directors of the bank, under regulations of the Farm Credit Administration.
**(b) Authority to pass along cost of insurance premiums**
(1) **In general** — Each Farm Credit Bank may assess each production credit association, other association making direct loans under the authority provided under [section 2279b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279b&num=0&edition=prelim), and other financing institution described in [section 2015(b)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2015/b/1/B&num=0&edition=prelim) in the district in which the bank is located to cover the costs of making premium payments under part E of subchapter V.
(2) **Computation** — The assessment on any association or other financing institution described in paragraph (1) for any period shall be computed in an equitable manner, as determined by the Corporation.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 92–181, title VIII, § 8.38, as added Pub. L. 104–105, title I, § 117, Feb. 10, 1996, 110 Stat. 168, related to recapitalization of Corporation.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2001
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 92–181, title VII, § 7.4, as added Pub. L. 100–233, title IV, § 416, Jan. 6, 1988, 101 Stat. 1646, related to earnings, reserves, and distributions with regard to merged banks. See [section 2279a–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279a-3&num=0&edition=prelim).
#### Effective Date of Repeal
Repeal effective as if repealing provisions had been enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) of Pub. L. 100–399, set out as an Effective Date of 1988 Amendment note under [section 2002 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2002&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Voluntary liquidation** The Corporation may voluntarily liquidate only with the consent of, and in accordance with a plan of liquidation approved by, the Farm Credit Administration Board.
**(b) Involuntary liquidation**
(1) **In general** — The Farm Credit Administration Board may appoint a conservator or receiver for the Corporation under the circumstances specified in [section 2183(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2183/b&num=0&edition=prelim).
(2) **Application** — In applying [section 2183(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2183/b&num=0&edition=prelim) to the Corporation under paragraph (1)—
(A) the Corporation shall also be considered insolvent if the Corporation is unable to pay its debts as they fall due in the ordinary course of business;
(B) a conservator may also be appointed for the Corporation if the authority of the Corporation to purchase qualified loans or issue or guarantee loan-backed securities is suspended; and
(C) a receiver may also be appointed for the Corporation if—
(i)
(I) the authority of the Corporation to purchase qualified loans or issue or guarantee loan-backed securities is suspended; or
(II) the Corporation is classified under [section 2279bb–4 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279bb-4&num=0&edition=prelim) as within level III or IV and the alternative actions available under part B are not satisfactory; and
(ii) the Farm Credit Administration determines that the appointment of a conservator would not be appropriate.
(3) **No effect on supervisory actions** — The grounds for appointment of a conservator for the Corporation
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Agricultural commodity** — The term “agricultural commodity” has the meaning given the term in [section 5602 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5602&num=0&edition=prelim).
(2) **Geographically disadvantaged farmer or rancher** — The term “geographically disadvantaged farmer or rancher” has the meaning given the term in section 10906(a) of the Farm Security and Rural Investment Act of 2002 ([7 U.S.C. 2204](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2204&num=0&edition=prelim) note; Public Law 107–171).
**(b) Authorization** Subject to the availability of funds under subsection (d), the Secretary may provide geographically disadvantaged farmers or ranchers direct reimbursement payments for activities described in subsection (c).
**(c) Transportation**
(1) **In general** — Subject to paragraphs (2) and (3), the Secretary may provide direct reimbursement payments to a geographically disadvantaged farmer or rancher to transport an agricultural commodity, or inputs used to produce an agricultural commodity, during a fiscal year.
(2) **Proof of eligibility** — To be eligible to receive assistance under paragraph (1), a geographically disadvantaged farmer or rancher shall demonstrate to the Secretary that transportation of the agricultural commodity or inputs occurred over a distance of more than 30 miles, as determined by the Secretary.
(3) **Amount**
(A) *In general* — Subject to paragraph (2), the amount of direct reimbursement payments made to a geographically disadvantaged farmer or rancher under this section for a fiscal year shall equal the product obtained by multiplying—
(i) the amount of costs incurred by the geographically di
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Federal law — U.S. Code and appendices · legal_authorities
Page 1299
TITLE 12—BANKS AND BANKING
§ 2023
1988—Subsec. (a). Pub. L. 100–399 designated existing
provision as subsec. (a), inserted heading, substituted
‘‘directors of the bank’’ for ‘‘directors of each district
bank’’, and added subsec. (b).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2008 AMENDMENT
Amendment of this section and repeal of Pub. L.
110–234 by Pub. L. 110–246 effective May 22, 2008, the
date of enactment of Pub. L. 110–234, see section 4 of
Pub. L. 110–246, set out as an Effective Date note under
section 8701 of Title 7, Agriculture.
EFFECTIVE DATE OF 2002 AMENDMENT
Pub. L. 107–171, title V, § 5403(b), May 13, 2002, 116
Stat. 351, provided that: ‘‘The amendments made by
this section [amending this section and sections 2277a–4
and 2277a–5 of this title] shall apply with respect to de-
terminations of premiums for calendar year 2002 and
for any succeeding calendar year, and to certified
statements with respect to such premiums.’’
EFFECTIVE DATE OF 1989 AMENDMENT
Pub. L. 101–220, § 6(c), Dec. 12, 1989, 103 Stat. 1880, pro-
vided that: ‘‘The amendments made by subsections (a)
and (b) [amending sections 2020, 2277a–4, 2277a–8, and
2277a–10 of this title] shall be effective for insurance
premiums due to the Farm Credit System Insurance
Corporation under the Farm Credit Act of 1971 (12
U.S.C. 2001 et seq.) on or after January 1, 1990, based on
the loan volume of each bank for each calendar year be-
ginning with calendar year 1989, and shall be effective
for the calculation of the initial premium payment re-
quired under section 5.56(c) of the Farm Credit Act of
1971 (12 U.S.C. 2277a–5(c)).’’
EFFECTIVE DATE OF 1988 AMENDMENT
Amendment by Pub. L. 100–399 effective immediately
after amendment made by section 401 of Pub. L.
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2022
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