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12 U.S.C. § 2249 — Repealed. Pub. L. 99–205, title II, § 201(2), Dec. 23, 1985, 99 Stat. 1690
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 92–181, title V, § 5.13, Dec. 10, 1971, 85 Stat. 620, related to authority of Governor of the Farm Credit Administration to fix powers and duties of divisions and instrumentalities of the Administration.
#### Effective Date of Repeal
Repeal effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99–205, set out as an Effective Date of 1985 Amendment note under [section 2001 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2001&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-12/section-2249-repealed-pub-l-99205-title-ii-201-2-dec-23-1985-99-stat-1690--eceac44f4e.md
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Source location: Title 12, Chapter 23, § 2249; chapter-023-farm-credit-system.md
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### Statutory Notes
Section, Pub. L. 92–181, title V, § 5.13, Dec. 10, 1971, 85 Stat. 620, related to authority of Governor of the Farm Credit Administration to fix powers and duties of divisions and instrumentalities of the Administration.
#### Effective Date of Repeal
Repeal effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99–205, set out as an Effective Date of 1985 Amendment note under [section 2001 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2001&num=0&edition=prelim).
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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
**(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
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2252
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Location of principal office** The Farm Credit Administration shall maintain its principal office within the Washington D.C.-Maryland-Virginia standard metropolitan statistical area, and such other offices within the United States as in its judgment are necessary.
**(b) Alternate property authorizations for System banks** As an alternate to the rental of quarters under [section 2249 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2249&num=0&edition=prelim), and without regard to any other provision of law, the banks of the System, with the concurrence of two-thirds of the bank boards, are hereby authorized—
(1) To lease or acquire real property in the District of Columbia or elsewhere for quarters of the Farm Credit Administration.
(2) To construct, develop, furnish, and equip such building thereon and such facilities appurtenant thereto as in their judgment may be appropriate to provide, to the extent the Board may deem advisable, suitable, and adequate quarters and facilities for the Farm Credit Administration.
(3) To enlarge, remodel, or reconstruct the same.
(4) To make or enter into contracts for any of the foregoing.
(5) To sell or otherwise dispose of any interest in property leased or acquired under the foregoing if authorized by the Board.
**(c) Financing**
(1) **In general** — The Board may require of the respective banks of the System, and they shall make to the Farm Credit Administration, such advances of funds for the purposes set out in this section as in the sole judgment of the Board may from time to time be advisable for the purposes of this section.
(2) **Advances** — The advances of funds described in paragraph (1) shall be in addition to and kept in a separate fund from the assessments authori
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2253
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 636, acts May 12, 1933, ch. 25, title II, § 40, 48 Stat. 51; Sept. 6, 1966, Pub. L. 89–554, § 8(a), 80 Stat. 648, provided for organization of Farm Credit Administration. See [section 2247 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2247&num=0&edition=prelim).
Section 636a, act Aug. 6, 1953, ch. 335, § 2, 67 Stat. 390, stated Congressional declaration of policy concerning agricultural credit. See [section 2001 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2001&num=0&edition=prelim).
Section 636a note, act Aug. 6, 1953, ch. 335, § 1, 67 Stat. 390, provided that such act Aug. 6, 1953, should be known as “Farm Credit Act of 1953”.
Section 636b, act Aug. 6, 1953, ch. 335, § 3, 67 Stat. 390, covered the creation of Farm Credit Administration as an independent agency in executive branch. See section 2241 et seq. of this title.
Section 636c, acts Aug. 6, 1953, ch. 335, § 4, 67 Stat. 390; Aug. 11, 1955, ch. 785, title IV, § 402, 69 Stat. 666; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387; Aug. 2, 1966, Pub. L. 89–525, § 6, 80 Stat. 335, provided for creation of Federal Farm Credit Board. See section 2242 et seq. of this title.
Section 636d, act Aug. 6, 1953, ch. 335, § 5, 67 Stat. 392; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(j), 73 Stat. 387; Oct. 4, 1961, Pub. L. 87–367, title III, § 302(a), 75 Stat. 793, provided for position of Governor of Farm Credit Administration. See section 2244 et seq. of this title.
Section 636e, act Aug. 6, 1953, ch. 335, § 6, 67 Stat. 393, covered duties of Federal Farm Credit Board. See [section 2227 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2227&num=0&
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 641, 642
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Federal law — U.S. Code and appendices · legal_authorities
Page 1352
TITLE 12—BANKS AND BANKING
§ 2246
tence, was repealed by Pub. L. 100–399, § 702(b). See Con-
struction of 1988 Amendment note below.
Pub. L. 100–233, § 431(c), amended section generally,
substituting subsecs. (a) to (d) for former text con-
sisting of single undesignated paragraph.
Subsec. (c)(2)(C). Pub. L. 100–399, § 415(a), substituted
‘‘5373’’ for ‘‘5315’’.
1985—Pub. L. 99–205 substituted provisions respecting
organization of the Farm Credit Administration for
provisions relating to compensation and expense allow-
ance of the Governor of the Farm Credit Administra-
tion.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1988 AMENDMENT
Amendment by section 415(a) of Pub. L. 100–399 effec-
tive as if 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 a note under sec-
tion 2002 of this title.
EFFECTIVE DATE OF 1985 AMENDMENT
Amendment by Pub. L. 99–205 effective thirty days
after Dec. 23, 1985, see section 401 of Pub. L. 99–205, set
out as a note under section 2001 of this title.
CONSTRUCTION OF 1988 AMENDMENT
Pub. L. 100–399, title VII, § 702(b), Aug. 17, 1988, 102
Stat. 1006, provided that section 805(x) of Pub. L.
100–233, cited as a credit to this section, is repealed and
that this section shall be applied and administered as
if such section had not been enacted.
INTERIM IMPLEMENTATION OF 1985 AMENDMENT
For provisions authorizing interim implementation
by Governor of Farm Credit Administration of amend-
ments to this section by Pub. L. 99–205, see section 402
of Pub. L. 99–205, set out as a note under section 2241 of
this title.
§ 2246. Advisory committees
The Chairman of the Board, subject to the ap-
proval of the Board, may esta
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2249
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