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12 U.S.C. § 1148a — Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, acts June 16, 1933, ch. 98, title VIII, § 84, 48 Stat. 273; June 30, 1947, ch. 166, title II, § 206, 61 Stat. 208, provided for reduction of capital of regional agricultural credit corporations by Farm Credit Administration. See [section 2252 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2252&num=0&edition=prelim).
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Source location: Title 12, Chapter 7B, § 1148a; chapter-7b-regional-agricultural-credit-corporations.md
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### Statutory Notes
Section, acts June 16, 1933, ch. 98, title VIII, § 84, 48 Stat. 273; June 30, 1947, ch. 166, title II, § 206, 61 Stat. 208, provided for reduction of capital of regional agricultural credit corporations by Farm Credit Administration. See [section 2252 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2252&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(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** — The amounts collected under subsection (a) shall be deposited in the Farm Credit Administration Administrative Expense Account. The Expense Account shall be maintained in the Treasury of the United States and shall be available, without regard, for purposes of sequestration, to the Balanced Budget and Emergency Deficit Control Act of 1985 [[2 U.S.C. 900](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section900&num=0&edition=prelim) et seq.], to pay the expenses of the Fa
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary is authorized to utilize the revolving fund created by section 1148a 11 See References in Text note below. of title 12 (hereinafter in this subchapter referred to as the “Emergency Credit Revolving Fund”) for carrying out the purposes of this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
Page 274
TITLE 12—BANKS AND BANKING
§ 1148
of turpentine and gum rosin, as defined in sec-
tion 92 of title 7.
(June 15, 1929, ch. 24, § 15, 46 Stat. 18; Mar. 4, 1931,
ch. 520, § 3, 46 Stat. 1550; Ex. Ord. No. 6084, Mar.
27, 1933; June 16, 1933, ch. 98, title V, § 55, 48 Stat.
266; June 3, 1935, ch. 164, § 12, 49 Stat. 317; Pub. L.
110–234, title I, § 1610, May 22, 2008, 122 Stat. 1018;
Pub. L. 110–246, § 4(a), title I, § 1610, June 18, 2008,
122 Stat. 1664, 1746.)
Editorial Notes
CODIFICATION
Pub. L. 110–234 and Pub. L. 110–246 made identical
amendments to this section. The amendments by Pub.
L. 110–234 were repealed by section 4(a) of Pub. L.
110–246.
Section was formerly classified to section 535 of Title
7, Agriculture.
AMENDMENTS
2008—Subsecs. (d) to (g). Pub. L. 110–246, § 1610, redes-
ignated subsecs. (e) to (g) as (d) to (f), respectively, and
struck out former subsec. (d) which read as follows:
‘‘The inclusion in any governmental report, bulletin, or
other such publication hereafter issued or published of
any prediction with respect to cotton prices is prohib-
ited. Any officer or employee of the United States who
authorizes or is responsible for the inclusion in any
such report, bulletin, or other publication of any such
prediction, or who knowingly causes the issuance or
publication of any such report, bulletin, or other publi-
cation containing any such prediction, shall, upon con-
viction thereof, be fined not less than $500 or more than
$5,000, or imprisoned for not more than five years, or
both: Provided, That this subdivision shall not apply to
the Governor of the Farm Credit Administration when
engaged in the performance of his duties herein pro-
vided.’’
1935—Subsec. (a). Act June 3, 1935, amended definition
of cooperative
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