Laws: Cases and Codes : U.S. Code : Title 12
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U.S. Code as of:
01/19/04
Chapter 31 - Notes
Sec.
3001. Congressional statement of findings and purpose.
SUBCHAPTER I - ESTABLISHMENT AND OPERATION
3011. Creation and charter; principal office; venue;
purposes.
3012. General corporate powers.
3013. Board of Directors.
(a) Composition; term of office; removal by
President.
(b) Appointment by President; election by
stockholders.
(c) Resignations; continuances; completion of term;
committee representation.
(d) Elections; nominations by cooperative classes;
vacancies filled; representation requirements.
(e) Terms; officer of Bank not to serve as
director; notice requirements of Bank and
voting shareholders.
(f) Annual election of chairman and vice chairman
and selection of secretary; eligibility;
establishment of Bank policies and direction
of management.
(g) Conduct of meetings; rules governing.
(h) Compensation and expenses.
3014. Capitalization.
(a) Subscriptions for capital; authorization of
appropriations.
(b) Classes of stock; general requirements
respecting rights, powers, privileges, and
preferences.
(c) Class A notes; interest payments; redemption,
etc.
(d) Class B stock; ownership requirements, etc.
(e) Class C stock; purchase, dividends, etc.
(f) Nonvoting stock of other classifications and
priorities; issuance, etc.
(g) Voting requirements of bylaws.
(h) Acceptance by Bank of nonreturnable capital
contributions.
(i) Patronage refunds.
3015. Eligibility of cooperatives.
(a) General requirements.
(b) Primary producers.
(c) "Net savings" defined.
(d) Cooperatives eligible for other Federal credit
assistance.
(e) Credit unions eligible for technical assistance
from Office of Self-Help Development and
Technical Assistance.
3016. Annual meetings; notice, agenda, etc.
3017. Bonds, debentures, notes and other evidences of
indebtedness.
(a) Authorization for public or private sale; time
of issuance, interest rates, and terms and
conditions; outstanding amount.
(b) Purchase and sale by Bank; methods of sale and
delivery.
(c) Obligations as not guaranteed by United States
and not to constitute a debt or obligation of
United States.
3017a. Class A notes as paid-in capital of the Bank.
3018. Loans.
(a) General requirements for loans and commitments
for loans; limitations; allocation of
assistance for low-income persons; criteria
and factors for making loans, etc.;
publication.
(b) Repayment requirements; criteria for terms,
rates, and charges; advancement of loan
proceeds.
(c) Guarantees by Bank; requirements; charges.
(d) Assignment of guaranteed loans; contestability
of guarantee; criteria for purchase by Bank of
guaranteed loan in lieu of requiring service
by lender.
(e) Aggregate amount of commitments to make or
guarantee loans.
3019. Taxation by State, county, etc., taxing authority;
Federal tax status.
3020. Quarters and space for principal and other offices.
3021. Annual report to Congress; contents.
3022. Authorization of additional appropriations;
restrictions on use.
3023. Appeal procedures applicable upon denial or
restriction of application for assistance.
3024. Conflict of interest rules; adoption and publication;
requirements.
3025. Examination and audit.
3026. Acceleration of the Final Government Equity Redemption
Date.
SUBCHAPTER II - OFFICE OF SELF-HELP DEVELOPMENT AND TECHNICAL
ASSISTANCE
3041. Establishment; appointment, etc., of Director.
3042. Authorization of appropriations for advances; deposits
into separate Account in Bank; availability of
amounts.
3043. Advances.
(a) Capital investment advances; criteria.
(b) Interest supplement advances; criteria; amount.
(c) Interest rate applicable to advances.
3044. Services and information for organization, financing,
and management of cooperatives; availability;
agreements for development and dissemination;
funding.
3045. Investigations and surveys respecting new services,
etc., by cooperative not-for-profit organizations.
3046. Financial analysis and market surveys at request of
eligible cooperative.
3047. Programs for training directors and staff of eligible
cooperatives, and public education; development and
availability; scope and implementation.
3048. Cooperation with Federal agencies offering programs
for consumer cooperatives in disseminating
information.
3049. Authorization of appropriations for administration;
availability of amounts.
3050. Fees for providing technical assistance services;
waiver; accounting and availability.
3051. Nonprofit corporation.
(a) Office of Self-Help Development and Technical
Assistance abolished; transfer of assets, etc.
(b) Establishment; Board of Directors; functions,
etc.
(c) Treatment for tax purposes.
(d) Contributions from the Bank.
(e) Conflict of interest rules.
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