Laws: Cases and Codes : U.S. Code : Title 12 : Section 2287


   
U.S. Code as of: 01/19/04
Section 2287. Initial capital

      The Secretary of the Treasury is authorized to advance the funds
    necessary to provide initial capital to the Bank. Each such advance
    shall be upon such terms and conditions as to yield a return at a
    rate not less than a rate determined by the Secretary of the
    Treasury, taking into consideration the current average yield on
    outstanding marketable obligations of the United States of
    comparable maturity. Interest payments on such advances may be
    deferred, at the discretion of the Secretary, but any such deferred
    payments shall themselves bear interest at the rate specified in
    this section. There is authorized to be appropriated not to exceed
    $100,000,000, which shall be available for the purposes of this
    section without fiscal year limitation.



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