
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC2278a-8]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
             SUBCHAPTER VI--ASSISTANCE TO FARM CREDIT SYSTEM
 
                        Part A--Assistance Board
 
Sec. 2278a-8. Limitation of powers


(a) Purposes

    The powers of the Assistance Board under this subchapter shall be 
exercised only for the purposes specified in this subchapter and shall 
not be exercised in a manner that would result in the Assistance Board 
supplanting the Farm Credit System lending institutions as the primary 
providers of credit and other financial services to farmers, ranchers, 
and the cooperatives of such.

(b) Prohibition

    The powers of the Assistance Board under this subchapter shall not 
include the management, administration, or disposition of any loans or 
other assets owned by other System institutions, or the providing of 
technical assistance or other related services to other System 
institutions in connection with the administration of loans owned by 
such other institutions.

(Pub. L. 92-181, title VI, Sec. 6.8, as added Pub. L. 100-233, title II, 
Sec. 201, Jan. 6, 1988, 101 Stat. 1591.)
