Title 12 — Banks and Banking
Chapter 34 — Federal Financial Institutions Examination Council
§ 3304. Costs and expenses of Council
Statutory text
One-fifth of the costs and expenses of the Council, including the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may be made during the year if necessary.
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.
Federal Financial Institutions Examination Council Act of 1978
Pub. L. 95–630 title X § 1005 · 92 Stat. 3641
Enacted · 12 U.S.C. § 3304
(Pub. L. 95–630, title X, § 1005, Nov. 10, 1978, 92 Stat. 3695.)
Source evidence
Code source credit
(Pub. L. 95–630, title X, § 1005, Nov. 10, 1978, 92 Stat. 3695.)Enacted provision · exact public law section
Sec. 1005. expenses of the council One-fifth of the costs and expenses of the Council, including 12 USC 3304. the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may he made during the year if necessary.
1 of 1 references resolved to an enrolled provision
Statutory Notes and Related Subsidiaries
Effective Date
Section effective upon the expiration of 120 days after , see section 2101 of Pub. L. 95–630, set out as a note under section 375b of this title.