Title 12 — Banks and Banking
Chapter 14 — Federal Credit Unions
§ 1772c. Trust fund
Statutory text
Notwithstanding any other provision of law, all moneys of the Board shall be treated as trust funds for the purpose of section 906(a)(2) 1 of title 2. This section is effective for fiscal year 1986 and every fiscal year thereafter.
Footnotes
- 1 See References in Text note below.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Credit Union Amendments of 1987
Pub. L. 100–86 title VII § 708 · 101 Stat. 552
Enacted · 12 U.S.C. § 1772c
(June 26, 1934, ch. 750, title I, § 129, as added Pub. L. 100–86, title VII, § 708, Aug. 10, 1987, 101 Stat. 653.)
Source evidence
Code source credit
(June 26, 1934, ch. 750, title I, § 129, as added Pub. L. 100–86, title VII, § 708, Aug. 10, 1987, 101 Stat. 653.)Enacted provision · exact public law section
SEC. 708. TREATMENT OF NCUAB FUNDS. Title I of the Federal Credit Union Act is amended by adding at the end thereof the following: “SEC. 129. TRUST FUND. “Notwithstanding any other provision of law, all moneys of the Board shall be treated as trust funds for the purpose of section 256(a)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985. This section is effective for fiscal year 1986 and every fiscal Ante, p. 634. year thereafter.”.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
Section 906(a) of title 2, referred to in text, was amended generally by Pub. L. 101–508, title XIII, § 13101(d)(1), , 104 Stat. 1388–589, and subsequently repealed by Pub. L. 111–139, title I, § 10(a), , 124 Stat. 21. Provisions similar to those formerly appearing in section 906(a)(2) are now contained in section 906(k)(6) of Title 2, The Congress.
Credits
(June 26, 1934, ch. 750, title I, § 129, as added Pub. L. 100–86, title VII, § 708, , 101 Stat. 653.)