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12 U.S.C. § 3025 — Conflict of interest rules; adoption and publication; requirements
Federal law — U.S. Code and appendices · legal_authorities
The Board of Directors shall adopt and publish its own conflict of interest rules which shall be no less stringent in effect than the Federal Executive conflict of interest rules contained in Executive Order Numbered 11222 in prohibiting participation or action or the use of inside information for personal advantage on any matter involving a corporation, trust, partnership, or cooperative organization in which a board member, officer, or employee holds a substantial financial interest or holds a position as board member or senior officer, the activities of which organization might be relevant to, be competitive with, or be inconsistent with the objectives of any bank created under this chapter. These rules shall require—
(1) each nominee for elected membership on the Board established under this chapter to make public and file with the election official before the date of election a statement of his financial interest and position, if any, in such organizations; and
(2) each senior executive officer and appointed member of the Board to file with the appointing officer, before entering that office a statement of his financial interest and position, if any, in such organizations, which shall be available for inspection upon request.
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Stable record: federal_law:legal_authorities:record_usc_fcea0e46fc1955eac55cd170
Source file: Laws/federal/codes/united-states-code/title-12/section-3025-conflict-of-interest-rules-adoption-and-publication-requirements--7987916988.md
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Passage SHA-256: 426bd153c0ed518f626611a9ba0bfff6fea8385f3a383f9e80fde9d6f4afcd17
Source location: Title 12, Chapter 31, § 3025; chapter-031-national-consumer-cooperative-bank.md
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The Board of Directors shall adopt and publish its own conflict of interest rules which shall be no less stringent in effect than the Federal Executive conflict of interest rules contained in Executive Order Numbered 11222 in prohibiting participation or action or the use of inside information for personal advantage on any matter involving a corporation, trust, partnership, or cooperative organization in which a board member, officer, or employee holds a substantial financial interest or holds a position as board member or senior officer, the activities of which organization might be relevant to, be competitive with, or be inconsistent with the objectives of any bank created under this chapter. These rules shall require—
(1) each nominee for elected membership on the Board established under this chapter to make public and file with the election official before the date of election a statement of his financial interest and position, if any, in such organizations; and
(2) each senior executive officer and appointed member of the Board to file with the appointing officer, before entering that office a statement of his financial interest and position, if any, in such organizations, which shall be available for inspection upon request.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** For the purpose of this section—
(1) the term “public official” means Member of Congress, Delegate, or Resident Commissioner, either before or after such official has qualified, or an officer or employee or person acting for or on behalf of the United States, or any department, agency or branch of Government thereof, including the District of Columbia, in any official function, under or by authority of any such department, agency, or branch of Government, or a juror;
(2) the term “person who has been selected to be a public official” means any person who has been nominated or appointed to be a public official, or has been officially informed that such person will be so nominated or appointed; and
(3) the term “official act” means any decision or action on any question, matter, cause, suit, proceeding or controversy, which may at any time be pending, or which may by law be brought before any public official, in such official’s official capacity, or in such official’s place of trust or profit.
**(b)** Whoever—
(1) directly or indirectly, corruptly gives, offers or promises anything of value to any public official or person who has been selected to be a public official, or offers or promises any public official or any person who has been selected to be a public official to give anything of value to any other person or entity, with intent—
(A) to influence any official act; or
(B) to influence such public official or person who has been selected to be a public official to commit or aid in committing, or collude in, or allow, any fraud, or make opportunity for the commission of any fraud, on the United States; or
(C) to induce such public official or such person who has been selected to be a public official to do or omit to do any act in violation of th
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Federal law — U.S. Code and appendices · legal_authorities
The economic and financial structure of this country in combination with the Nation’s natural resources and the productivity of the American people has produced one of the highest average standards of living in the world. However, the Nation has been experiencing inflation and unemployment together with an increasing gap between producers’ prices and consumers’ purchasing power. This has resulted in a growing number of our citizens, especially the elderly, the poor, and the inner city resident, being unable to share in the fruits of our Nation’s highly efficient economic system. The Congress finds that user-owned cooperatives are a proven method for broadening ownership and control of the economic organizations, increasing the number of market participants, narrowing price spreads, raising the quality of goods and services available to their membership, and building bridges between producers and consumers, and their members and patrons. The Congress also finds that consumer and other types of self-help cooperatives have been hampered in their formation and growth by lack of access to adequate cooperative credit facilities and lack of technical assistance. Therefore, the Congress finds a need for the establishment of a National Consumer Cooperative Bank which will make available necessary financial and technical assistance to cooperative self-help endeavors as a means of strengthening the Nation’s economy.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 3011
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Federal law — U.S. Code and appendices · legal_authorities
Page 1488
TITLE 12—BANKS AND BANKING
§ 3021
quarters and provide for the space requirements
of its principal and other offices.
(Pub. L. 95–351, title I, § 110, Aug. 20, 1978, 92
Stat. 510.)
§ 3021. Annual report to Congress; contents
The Board of the Bank shall report annually
to the appropriate committees of the Congress
on the Bank’s capital, operations, and financial
condition and make recommendations for legis-
lation needed to improve its services.
(Pub. L. 95–351, title I, § 111, Aug. 20, 1978, 92
Stat. 510.)
§ 3022. Authorization of additional appropria-
tions; restrictions on use
In addition to appropriations specifically au-
thorized in this chapter, there are authorized to
be appropriated $2,000,000 for the fiscal year end-
ing September 30, 1979, and for each of the two
succeeding fiscal years, ending September 30,
1980, and September 30, 1981, such sums as may
be necessary: Provided, That none of these ap-
propriated sums shall be used to retire any in-
debtedness of the Bank incurred pursuant to sec-
tion 3017 of this title. Any sums so appropriated
shall remain available until expended.
(Pub. L. 95–351, title I, § 112, Aug. 20, 1978, 92
Stat. 510.)
§ 3023. Appeal procedures applicable upon denial
or restriction of application for assistance
(a) If an application for assistance under this
chapter is denied in whole or in part, the appli-
cant shall be informed within thirty days in
writing of the reasons for the denial or restric-
tion.
(b) Any applicant for assistance under this
chapter receiving notice of denial or restriction
of the application may, within thirty days of re-
ceipt of such notice, request the Board of Direc-
tors to review the application and notice of de-
nial or restriction for a determination of wheth-
er th
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 3025
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