§ 3042. Authorization of appropriations for advances; deposits into separate Account in Bank; availability of amounts

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. 1978

   National Consumer Cooperative Bank Act

   Pub. L. 95–351 title II § 202 · 92 Stat. 499

   Enacted · 12 U.S.C. § 3042

   Pub. L. 95–351, title II, § 202, Aug. 20, 1978, 92 Stat. 511

   Source evidence

   Code source credit
   Pub. L. 95–351, title II, § 202, Aug. 20, 1978, 92 Stat. 511

   Enacted provision · exact public law section
   Sec. 202. authorization There are hereby authorized to be appropriated to the 12 USC 3042. Office $10,000,000 for the fiscal year ending September 30, 1979, and for the next two succeeding fiscal years an aggregate amount not to exceed $65,000,000, for the purpose of making advances under section 203 of this Act. Any amounts appropriated to the Office shall be deposited by the Office in a separate account in the Bank (hereinafter the “Account”), and shall remain available until expended. Repayments of capital investment advances made pursuant to section 203(a) and interest supplement advances made pursuant to section 203(b) and payments of interest thereon pursuant to section 203(c) shall also be deposited in the Account. No other funds of the Bank shall be transferred into the Account. The Account shall be used by the Office only as authorized in section 203.

2. 1981

   Pub. L. 97–35 title III § 395(b)(1) · 95 Stat. 357

   Substituted · 12 U.S.C. § 3042

   Pub. L. 97–35 substituted provisions authorizing appropriations for fiscal year 1982, for provisions authorizing appropriations for the fiscal year ending Sept. 30, 1979, and the next two succeeding fiscal years

   Source evidence

   Code amendment note
   Pub. L. 97–35 substituted provisions authorizing appropriations for fiscal year 1982, for provisions authorizing appropriations for the fiscal year ending Sept. 30, 1979, and the next two succeeding fiscal years.

   Enacted provision · exact public law section
   (1) The first sentence of section 202 of the National Consumer Cooperative Bank Act (12 U.S.C. 3042) is amended by striking out “$10,000,000 for the fiscal year ending September 30, 1979, and for the next two succeeding fiscal years an aggregate amount not to exceed $65,000,000, for the purpose of making advances under section 12 USC 3043. 203 of this Act” and by inserting in lieu thereof “for the purpose of making advances under section 203 of this Act an amount not to exceed $14,000,000 for fiscal year 1982”.

   Effective date note
   Amendment by Pub. L. 97–35 effective Oct. 1, 1981, see section 395(b)(3) of Pub. L. 97–35, set out as a note under section 3014 of this title.

2 of 2 references resolved to an enrolled provision