2019 US Code
Title 12 - Banks and Banking
Chapter 24 - Federal Financing Bank
Sec. 2285a - Acquisition of obligations involving loan guarantees for New York City

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Citation 12 U.S.C. § 2285a (2019)
Section Name §2285a. Acquisition of obligations involving loan guarantees for New York City
Section 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.

Source Credit

(Pub. L. 95–339, title II, §201(b), Aug. 8, 1978, 92 Stat. 467.)

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, Aug. 8, 1978, 92 Stat. 460, as amended, 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, Sept. 13, 1982, 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.

Publication Title United States Code, 2018 Edition, Supplement 1, Title 12 - BANKS AND BANKING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 12 - BANKS AND BANKING
CHAPTER 24 - FEDERAL FINANCING BANK
Sec. 2285a - Acquisition of obligations involving loan guarantees for New York City
Contains section 2285a
Date 2019
Laws In Effect As Of Date January 24, 2020
Positive Law No
Disposition standard
Statutes at Large References 92 Stat. 467, 460
96 Stat. 877
Public Law References Public Law 95-339, Public Law 97-258
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