
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: 12USC2278b-11]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
             SUBCHAPTER VI--ASSISTANCE TO FARM CREDIT SYSTEM
 
                Part B--Financial Assistance Corporation
 
Sec. 2278b-11. Termination


(a) Financial Assistance Corporation

    The Financial Assistance Corporation and the authority provided to 
such Corporation by this part shall terminate on the complete discharge 
by the Financial Assistance Corporation of its responsibilities under 
section 2278a-9(e) of this title and subsections (c) through (g) of 
section 2278b-6 of this title 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 2278b-6(a) 
of this title.

(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 2278b-5 of this title shall be 
transferred to the Insurance Fund established under section 2277a-9 of 
this title.

(Pub. L. 92-181, title VI, Sec. 6.31, as added Pub. L. 100-233, title 
II, Sec. 201, Jan. 6, 1988, 101 Stat. 1605; amended Pub. L. 102-552, 
title III, Sec. 307(b), Oct. 28, 1992, 106 Stat. 4116.)


                               Amendments

    1992--Subsec. (a). Pub. L. 102-552 substituted ``terminate on the 
complete discharge by the Financial Assistance Corporation of its 
responsibilities under section 2278a-9(e) of this title and subsections 
(c) through (g) of section 2278b-6 of this title with regard to 
repayments by System institutions, but in no event later than 2 years 
following'' for ``terminate on''.
