Title 12 — Banks and Banking
Chapter 24 — Federal Financing Bank
§ 2285a. Acquisition of obligations involving loan guarantees for New York City
Statutory text
Nothing in any provision of law shall be construed to authorize the Federal Financing Bank to acquire any obligation the payment of interest or principal of which has at any time been guaranteed in whole or in part under title I of the New York City Loan Guarantee Act of 1978.
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.
Pub. L. 95–339 title II § 201(b) · 92 Stat. 460
Enacted · 12 U.S.C. § 2285a
(Pub. L. 95–339, title II, § 201(b), Aug. 8, 1978, 92 Stat. 467.)
Source evidence
Code source credit
(Pub. L. 95–339, title II, § 201(b), Aug. 8, 1978, 92 Stat. 467.)Enacted provision · exact public law section
(b) Obligations May Not Be Acquired by Federal Financing Bank.— Nothing in any provision of law shall be construed to authorize the Federal Financing Bank to acquire any obligation the payment of interest or principal of which has at any time been guaranteed in whole or in part under title I of the New York City Loan Guarantee Act of 1978.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
Title I of the New York City Loan Guarantee Act of 1978, referred to in text, is title I of Pub. L. 95–339, , 92 Stat. 460, which was classified generally to subchapter II (§ 1521 et seq.) of chapter 27 of former Title 31, and was omitted from the Code in the general revision and reenactment of Title 31, Money and Finance, by Pub. L. 97–258, , 96 Stat. 877.
Codification
Section was enacted as part of the New York City Loan Guarantee Act of 1978, and not as part of the Federal Financing Bank Act of 1973 which comprises this chapter.