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Type: Statute
Statute: 1971 ACT AS AMENDED
Title: Title VI Assistance to Farm Credit System
Subtitle: Subtitle B-Financial Assistance Corporation
Chapter Name:
U.S. Code Citation: 12 U.S.C. 2278b-11

12 U.S.C. 2278b-11 SEC. 6.31. TERMINATION.
(a) FINANCIAL ASSISTANCE CORPORATION. The Financial Assistance Corporation and the authority provided to such Corporation by this subtitle shall terminate on the complete discharge by the Financial Assistance Corporation of its responsibilities under section 6.9(e) and subsections (c) through (g) of section 6.26 with regard to repayments by System institutions, but in no event later than 2 years following the maturity and full payment of all debt obligations issued under section 6.26(a).
(b) ACCOUNTS. Simultaneously with the termination of the Financial Assistance Corporation as provided in subsection (a) of this section, any funds in the accounts established under section 6.25 shall be transferred to the Insurance Fund established under section 5.60.

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