Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2020&num=0&edition=prelim
Timestamp: 2020-07-04 19:07:33
Document Index: 394217747

Matched Legal Cases: ['§ 2020', '§1', '§401', '§401', '§6', '§215', '§5403', '§5401', '§4', '§5401', '§1', '§109', '§401', '§5401', '§5403', '§215', '§215', '§215', '§6', '§6', '§6', '§5403', '§6']

[USC02] 12 USC 2020: Related services
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12 USC 2020: Related services Text contains those laws in effect on July 3, 2020
Each Farm Credit Bank may assess each production credit association, other association making direct loans under the authority provided under section 2279b of this title, and other financing institution described in section 2015(b)(1)(B) of this title in the district in which the bank is located to cover the costs of making premium payments under part E of subchapter V.
(Pub. L. 92–181, title I, §1.12, as added Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1628 ; amended Pub. L. 100–399, title IV, §401(k), Aug. 17, 1988, 102 Stat. 996 ; Pub. L. 101–220, §6(b)(1), (2), Dec. 12, 1989, 103 Stat. 1880 ; Pub. L. 104–105, title II, §215(a)(2)(C), Feb. 10, 1996, 110 Stat. 176 ; Pub. L. 107–171, title V, §5403(a)(2)(A), May 13, 2002, 116 Stat. 350 ; Pub. L. 110–234, title V, §5401(a), May 22, 2008, 122 Stat. 1154 ; Pub. L. 110–246, §4(a), title V, §5401(a), June 18, 2008, 122 Stat. 1664 , 1915.)
A prior section 2020, Pub. L. 92–181, title I, §1.12, Dec. 10, 1971, 85 Stat. 586 ; Pub. L. 96–592, title I, §109, Dec. 24, 1980, 94 Stat. 3439 , related to loans through associations or agents, prior to the general amendment of this subchapter by Pub. L. 100–233, §401.
2008-Subsec. (b). Pub. L. 110–246, §5401(a), designated first sentence as par. (1), inserted heading, added par. (2), and struck out former second sentence which related to computation of the assessment on the same basis as is used to compute the premium payment and provided formula to calculate a maximum amount.
2002-Subsec. (b)(1). Pub. L. 107–171, §5403(a)(2)(A)(i), inserted "and Government Sponsored Enterprise-guaranteed loans (as defined in section 2277a–4(a)(4) of this title) provided for in paragraph (4)" after "government-guaranteed loans (as defined in section 2277a–4(a)(3) of this title) provided for in paragraph (3)".
1996-Pub. L. 104–105, §215(a)(2)(C), which directed amendment of "section 1.12(b)", without specifying the name of the Act being amended, was executed to this section, which is section 112 of the Farm Credit Act of 1971, to reflect the probable intent of Congress.
Subsec. (b)(1). Pub. L. 104–105, §215(a)(2)(C)(i), inserted "(as defined in section 2277a–4(a)(3) of this title)" after "government-guaranteed loans".
Subsec. (b)(3). Pub. L. 104–105, §215(a)(2)(C)(i), inserted "(as so defined)" after "government-guaranteed loans" in subpars. (A) and (B).
1989-Subsec. (b). Pub. L. 101–220, §6(b)(1), inserted ", other association making direct loans under the authority provided under section 2279b of this title," after "production credit association".
Subsec. (b)(1). Pub. L. 101–220, §6(b)(2)(A), inserted "funded by or" before "discounted with" and "excluding the guaranteed portions of government-guaranteed loans provided for in paragraph (3)," and struck out "and" after "multiplied by 0.0015;".
Subsec. (b)(2). Pub. L. 101–220, §6(b)(2)(B), inserted "funded by or" before "discounted with" and substituted "0.0025; and" for "0.0025.".
1988-Subsec. (a). Pub. L. 100–399 designated existing provision as subsec. (a), inserted heading, substituted "directors of the bank" for "directors of each district bank", and added subsec. (b).
Pub. L. 107–171, title V, §5403(b), May 13, 2002, 116 Stat. 351 , provided that: "The amendments made by this section [amending this section and sections 2277a–4 and 2277a–5 of this title] shall apply with respect to determinations of premiums for calendar year 2002 and for any succeeding calendar year, and to certified statements with respect to such premiums."
Pub. L. 101–220, §6(c), Dec. 12, 1989, 103 Stat. 1880 , provided that: "The amendments made by subsections (a) and (b) [amending sections 2020, 2277a–4, 2277a–8, and 2277a–10 of this title] shall be effective for insurance premiums due to the Farm Credit System Insurance Corporation under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) on or after January 1, 1990, based on the loan volume of each bank for each calendar year beginning with calendar year 1989, and shall be effective for the calculation of the initial premium payment required under section 5.56(c) of the Farm Credit Act of 1971 (12 U.S.C. 2277a–5(c))."