Statute: 1971 ACT AS AMENDED
Title: Title V Farm Credit Administration Organization
Part: Part B Farm Credit Administration Organization
U.S. Code Citation: 12 U.S.C. 2257a
12 U.S.C. 2257a SEC. 5.22A. UNIFORM FINANCIAL REPORTING INSTRUCTIONS.
(a) IN GENERAL. Each System institution shall comply with uniform financial reporting instructions required by the Farm Credit Administration, to standardize and facilitate the reporting of System data.
(b) COMPUTERIZED SYSTEM. If the financial reports are maintained by a computer system, each System institution may develop an internal computer system or it may contract out to a vendor under open competitive bidding any or all aspects of the computerized system.
(c) SUBMISSION OF PROPOSAL. Within 6 months of the date of the enactment of this section, each System institution shall submit to the Farm Credit Administration a report on the plan of that institution to bring the operations of the institution into compliance with the uniform financial reporting instructions required by the Farm Credit Administration.
[FCA Home | FCA Handbook]