§ 2020. Related services

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.

1. 1988

   Farm Credit Act of 1971

   Pub. L. 92–181 title I § 1 · 85 Stat. 583

   Enacted · 12 U.S.C. § 2020

   Pub. L. 92–181, title I, § 1.12, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1628

   Source evidence

   Code source credit
   Pub. L. 92–181, title I, § 1.12, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1628

   Enacted provision · exact public law section
   (1) Adopt and use a corporate seal.

2. 1988

   Agricultural Credit Technical Corrections Act of 1988

   Pub. L. 100–399 title IV § 401(k) · 102 Stat. 989

   1. Amended · 12 U.S.C. § 2020(a)

      Pub. L. 100–399 designated existing provision as subsec. (a)

   2. Inserted · 12 U.S.C. § 2020(a)

      Pub. L. 100–399 inserted heading

   3. Substituted · 12 U.S.C. § 2020(a)

      Pub. L. 100–399 substituted “directors of the bank” for “directors of each district bank”

   4. Added · 12 U.S.C. § 2020(a)

      Pub. L. 100–399 added subsec. (b)

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 100–399 designated existing provision as subsec. (a), inserted heading, substituted “directors of the bank” for “directors of each district bank”, and added subsec. (b).

   Enacted provision · exact public law section
   (k) Section 1.12 is amended— (1) by inserting “(a) In General.—” before “The Farm Credit Banks”; (2) by striking out “each district” and inserting in lieu thereof “the”; and (3) by adding at the end the following new subsection: “(b) Authority to Pass Along Cost of Insurance Premiums.— Each Farm Credit Bank may assess each production credit association and other financing institution described in section 1.7(b)(1)(B) in the district in which the bank is located to cover the costs of making premium payments under part E of title V. The assessment on any such association or other financing institution for any calendar year shall be computed on the same basis as is used to compute the premium payment and shall not exceed the sum of— “(1) the annual average principal outstanding for such year on loans made by the association, or on loans made by the other financing institution and discounted with the Farm Credit Bank, that are in accrual status, multiplied by 0.0015; and “(2) the annual average principal outstanding for such year on loans made by the association, or on loans made by the other financing institution and discounted with the Farm Credit Bank, that are in nonaccrual status, multiplied by 0.0025.”.

3. 1989

   Pub. L. 101–220 § 6(b)(1) · 103 Stat. 1876

   Inserted · 12 U.S.C. § 2020(b)

   Pub. L. 101–220, § 6(b)(1), inserted “, other association making direct loans under the authority provided under section 2279b of this title,” after “production credit association”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 101–220, § 6(b)(1), inserted “, other association making direct loans under the authority provided under section 2279b of this title,” after “production credit association”.

   Enacted provision · exact public law section
   (1) The first sentence of subsection (b) of section 1.12 of the Farm Credit Act of 1971 (12 U.S.C. 2020(b)) is amended by inserting after “production credit association” the following: “, other association making direct loans under the authority provided under section 7.6,”.

4. 1989

   Pub. L. 101–220 § 6(b)(2)(A) · 103 Stat. 1876

   1. Inserted · 12 U.S.C. § 2020(b)(1)

      Pub. L. 101–220, § 6(b)(2)(A), inserted “funded by or” before “discounted with” and “excluding the guaranteed portions of government-guaranteed loans provided for in paragraph (3),”

   2. Struck · 12 U.S.C. § 2020(b)(1)

      Pub. L. 101–220, § 6(b)(2)(A), struck out “and” after “multiplied by 0.0015;”

   Source evidence

   Code amendment note
   Subsec. (b)(1). Pub. L. 101–220, § 6(b)(2)(A), inserted “funded by or” before “discounted with” and “excluding the guaranteed portions of government-guaranteed loans provided for in paragraph (3),” and struck out “and” after “multiplied by 0.0015;”.

   Enacted provision · exact public law section
   (A) in paragraph (1)— (i) by inserting before “discounted with” the following: “funded by or”; (ii) by inserting after “that are in accrual status,” the following: “excluding the guaranteed portions of government-guaranteed loans provided for in paragraph (3),”; and (iii) by striking “and” at the end;

5. 1989

   Pub. L. 101–220 § 6(b)(2)(B) · 103 Stat. 1876

   1. Inserted · 12 U.S.C. § 2020(b)(2)

      Pub. L. 101–220, § 6(b)(2)(B), inserted “funded by or” before “discounted with”

   2. Substituted · 12 U.S.C. § 2020(b)(2)

      Pub. L. 101–220, § 6(b)(2)(B), substituted “0.0025; and” for “0.0025.”

   Source evidence

   Code amendment note
   Subsec. (b)(2). Pub. L. 101–220, § 6(b)(2)(B), inserted “funded by or” before “discounted with” and substituted “0.0025; and” for “0.0025.”.

   Enacted provision · exact public law section
   (B) in paragraph (2)— (i) by inserting before “discounted with” the following: “funded by or”; and (ii) by striking the period at the end and inserting “; and”; and

6. 1989

   Pub. L. 101–220 § 6(b)(2)(C) · 103 Stat. 1876

   Added · 12 U.S.C. § 2020(b)(3)

   Pub. L. 101–220, § 6(b)(2)(C), added par. (3)

   Source evidence

   Code amendment note
   Subsec. (b)(3). Pub. L. 101–220, § 6(b)(2)(C), added par. (3).

   Enacted provision · exact public law section
   (C) by inserting after paragraph (2) the following:

7. 1996

   Farm Credit System Reform Act of 1996

   Pub. L. 104–105 § 215(a)(2)(C) · 110 Stat. 162

   Amended · 12 U.S.C. § 2020

   Pub. L. 104–105, § 215(a)(2)(C), which directed amendment of “section 1.12(b)”, without specifying the name of the Act being amended, was executed to this section, which is section 112 of the Farm Credit Act of 1971, to reflect the probable intent of Congress

   Source evidence

   Code amendment note
   Pub. L. 104–105, § 215(a)(2)(C), which directed amendment of “section 1.12(b)”, without specifying the name of the Act being amended, was executed to this section, which is section 112 of the Farm Credit Act of 1971, to reflect the probable intent of Congress.

   Enacted provision · exact public law section
   (C) Section 1.12(b) (12 U.S.C. 2020(b)) is amended— (i) in paragraph (1), by inserting “(as defined in section 5.55(a)(3))” after “government-guaranteed loans”; and (ii) in paragraph (3), by inserting “(as so defined)” after “government-guaranteed loans” each place such term appears.

8. 1996

   Farm Credit System Reform Act of 1996

   Pub. L. 104–105 § 215(a)(2)(C)(i) · 110 Stat. 162

   Inserted · 12 U.S.C. § 2020(b)(1)

   Pub. L. 104–105, § 215(a)(2)(C)(i), inserted “(as defined in section 2277a–4(a)(3) of this title)” after “government-guaranteed loans”

   Source evidence

   Code amendment note
   Subsec. (b)(1). Pub. L. 104–105, § 215(a)(2)(C)(i), inserted “(as defined in section 2277a–4(a)(3) of this title)” after “government-guaranteed loans”.

   Enacted provision · exact public law section
   (i) in paragraph (1), by inserting “(as defined in section 5.55(a)(3))” after “government-guaranteed loans”; and

9. 1996

   Farm Credit System Reform Act of 1996

   Pub. L. 104–105 § 215(a)(2)(C)(i) · 110 Stat. 162

   Inserted · 12 U.S.C. § 2020(b)(3)

   Pub. L. 104–105, § 215(a)(2)(C)(i), inserted “(as so defined)” after “government-guaranteed loans” in subpars. (A) and (B)

   Source evidence

   Code amendment note
   Subsec. (b)(3). Pub. L. 104–105, § 215(a)(2)(C)(i), inserted “(as so defined)” after “government-guaranteed loans” in subpars. (A) and (B).

   Enacted provision · exact public law section
   (i) in paragraph (1), by inserting “(as defined in section 5.55(a)(3))” after “government-guaranteed loans”; and

10. 2002

    Pub. L. 107–171 § 5403(a)(2)(A)(i) · 116 Stat. 134

    Inserted · 12 U.S.C. § 2020(b)(1)

    Pub. L. 107–171, § 5403(a)(2)(A)(i), inserted “and Government Sponsored Enterprise-guaranteed loans (as defined in section 2277a–4(a)(4) of this title) provided for in paragraph (4)” after “government-guaranteed loans (as defined in section 2277a–4(a)(3) of this title) provided for in paragraph (3)”

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 107–171, § 5403(a)(2)(A)(i), inserted “and Government Sponsored Enterprise-guaranteed loans (as defined in section 2277a–4(a)(4) of this title) provided for in paragraph (4)” after “government-guaranteed loans (as defined in section 2277a–4(a)(3) of this title) provided for in paragraph (3)”.

    Enacted provision · exact public law section
    (i) in paragraph (1), by inserting “and Government Sponsored Enterprise-guaranteed loans (as defined in section 5.55(a)(4)) provided for in paragraph (4)” after “government-guaranteed loans (as defined in section 5.55(a)(3)) provided for in paragraph (3)”;

11. 2002

    Pub. L. 107–171 § 5403(a)(2)(A)(ii) · 116 Stat. 134

    Added · 12 U.S.C. § 2020(b)(4)

    Pub. L. 107–171, § 5403(a)(2)(A)(ii)–(iv), added par. (4)

    Source evidence

    Code amendment note
    Subsec. (b)(4). Pub. L. 107–171, § 5403(a)(2)(A)(ii)–(iv), added par. (4).

    Enacted provision · exact public law section
    (ii) in paragraph (2), by striking “and” at the end;

12. 2008

    Food, Conservation, and Energy Act of 2008

    Pub. L. 110–246 § 5401(a) · 122 Stat. 1651

    1. Amended · 12 U.S.C. § 2020(b)

       Pub. L. 110–246, § 5401(a), designated first sentence as par. (1)

    2. Inserted · 12 U.S.C. § 2020(b)

       Pub. L. 110–246, § 5401(a), inserted heading

    3. Added · 12 U.S.C. § 2020(b)

       Pub. L. 110–246, § 5401(a), added par. (2)

    4. Struck · 12 U.S.C. § 2020(b)

       Pub. L. 110–246, § 5401(a), struck out former second sentence which related to computation of the assessment on the same basis as is used to compute the premium payment and provided formula to calculate a maximum amount

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 110–246, § 5401(a), designated first sentence as par. (1), inserted heading, added par. (2), and struck out former second sentence which related to computation of the assessment on the same basis as is used to compute the premium payment and provided formula to calculate a maximum amount.

    Enacted provision · exact public law section
    (a) In General.— Section 1.12(b) of the Farm Credit Act of 1971 (12 U.S.C. 2020(b)) is amended— (1) in the first sentence, by striking “Each Farm” and inserting the following; “(1) In general.— Each Farm” ; and (2) by striking the second sentence and inserting the following: “(2) Computation.— The assessment on any association or other financing institution described in paragraph (1) for any period shall be computed in an equitable manner, as determined by the Corporation.” .

    Effective date note
    Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of Title 7, Agriculture.

20 of 20 references resolved to an enrolled provision