§ 2205. Interest rates

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. 1980

   Farm Credit Act of 1971

   Pub. L. 92–181 title IV § 4 · 85 Stat. 583

   Enacted · 12 U.S.C. § 2205

   Pub. L. 92–181, title IV, § 4.17, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3446

   Source evidence

   Code source credit
   Pub. L. 92–181, title IV, § 4.17, as added Pub. L. 96–592, title IV, § 403, Dec. 24, 1980, 94 Stat. 3446

   Enacted provision · exact public law section
   (4) Sue and be sued.

2. 1985

   Farm Credit Amendments Act of 1985

   Pub. L. 99–205 title II § 205(f)(6) · 99 Stat. 1678

   Inserted · 12 U.S.C. § 2205

   Pub. L. 99–205 inserted “, as provided in section 2252(a)(5) of this title,” after “with the approval of” in first sentence

   Source evidence

   Code amendment note
   Pub. L. 99–205 inserted “, as provided in section 2252(a)(5) of this title,” after “with the approval of” in first sentence.

   Enacted provision · exact public law section
   (6) in the first sentence of section 4.17, inserting “, as provided in section 5.17(a)(5) of this Act,” after “with the approval of”;

3. 1986

   Farm Credit Act Amendments of 1986

   Pub. L. 99–509 title I § 1035 · 100 Stat. 1874

   Substituted · 12 U.S.C. § 2205

   Pub. L. 99–509 substituted first two sentences for former first sentence which read as follows: “Interest rates on loans from institutions of the Farm Credit System shall be determined with the approval of, as provided in section 2252(a)(5) of this title, the Farm Credit Administration as provided in this chapter, notwithstanding any interest rate limitation imposed by any State constitution or statute or other laws which are hereby preempted for purposes of this chapter.”

   Source evidence

   Code amendment note
   Pub. L. 99–509 substituted first two sentences for former first sentence which read as follows: “Interest rates on loans from institutions of the Farm Credit System shall be determined with the approval of, as provided in section 2252(a)(5) of this title, the Farm Credit Administration as provided in this chapter, notwithstanding any interest rate limitation imposed by any State constitution or statute or other laws which are hereby preempted for purposes of this chapter.”

   Enacted provision · exact public law section
   SEC. 1035. DETERMINATION OF INTEREST RATES. Loans. State and local governments. Section 4.17 of the Farm Credit Act of 1971 (12 U.S.C. 2205) is amended by striking out the first sentence and inserting in lieu thereof the following: “Interest rates on loans from institutions of the Farm Credit System shall not be subject to any interest rate limitation imposed by any State constitution or statute or other laws. Such limitation is preempted for purposes of this Act.”.

4. 1988

   Agricultural Credit Technical Corrections Act of 1988

   Pub. L. 100–399 title IX § 901(h) · 102 Stat. 989

   Substituted · 12 U.S.C. § 2205

   Pub. L. 100–399 substituted “and Farm Credit Banks” for “pursuant to section 2074 of this title”

   Source evidence

   Code amendment note
   Pub. L. 100–399 substituted “and Farm Credit Banks” for “pursuant to section 2074 of this title”.

   Enacted provision · exact public law section
   (h) Section 4.17 is amended by striking out “pursuant to section 12 USC 2205. 2.3 of this Act” and inserting in lieu thereof “and Farm Credit Banks”.

   Effective date note
   Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.

5. 2018

   Agriculture Improvement Act of 2018

   Pub. L. 115–334 title V § 5411(24) · 132 Stat. 4490

   Struck · 12 U.S.C. § 2205

   Pub. L. 115–334 struck out “Federal intermediate credit banks and” before “Farm Credit Banks”

   Source evidence

   Code amendment note
   Pub. L. 115–334 struck out “Federal intermediate credit banks and” before “Farm Credit Banks”.

   Enacted provision · exact public law section
   (24) Section 4.17 of the Farm Credit Act of 1971 (12 U.S.C. 2205) is amended in the third sentence by striking “Federal intermediate credit banks and”.

5 of 5 references resolved to an enrolled provision