Previous Document Previous DocumentNext Document Next DocumentList of Statutes List of Statutes

Type: Statute
Statute: 1971 ACT AS AMENDED
Title: Title VI Assistance to Farm Credit System
Part:
Subtitle: Subtitle B-Financial Assistance Corporation
Chapter Name:
U.S. Code Citation: 12 U.S.C. 2278b-5


12 U.S.C. 2278b-5 SEC. 6.25. ACCOUNTS.
(a) FARM CREDIT ASSISTANCE FUND.
(1) ESTABLISHMENT. The Financial Assistance Corporation shall establish an account called the Farm Credit Assistance Fund (referred to in this Act as the "Assistance Fund") which shall be available to the Financial Assistance Corporation as a revolving fund to carry out this subtitle. The moneys of such Assistance Fund shall be invested in direct obligations of the United States or obligations guaranteed by the United States or an agency thereof.
(2) FUNDING. The Assistance Fund shall be funded through the issuance of debt obligations and payments, as provided in section 6.26, and payments, as provided in section 6.28.
(b) FINANCIAL ASSISTANCE CORPORATION TRUST FUND. The Financial Assistance Corporation shall establish an account called the Financial Assistance Corporation Trust Fund (hereinafter referred to in this Act as the "Trust Fund") that shall consist of securities of the United States Treasury purchased by the Financial Assistance Corporation with the funds received from the purchase of stock by System institutions from the Financial Assistance Corporation under section 6.29.

[FCA Home | FCA Handbook]