12 USC 2286 - Approval of financing plans by Secretary of the Treasury

U.S Code last checked for updates: May 16, 2024

§ 2286.

Approval of financing plans by Secretary of the Treasury

(a)

Method, source, timing, terms, and conditions of sale of obligations issued or sold by Federal agencies

To insure the orderly and coordinated marketing of Treasury and Federal agency obligations and appropriate financing planning with respect thereto, and to facilitate the effective financing of programs authorized by law subject to the applicable provisions of such law, the prior approval of the Secretary of the Treasury shall be required with respect to—

(1)

the method of financing,

(2)

the source of financing,

(3)

the timing of financing in relation to market conditions and financing by other Federal agencies, and

(4)

the financing terms and conditions, including rates of interest and maturities,

of obligations issued or sold by any Federal agency; except that the approval of the Secretary of the Treasury shall not be required with respect to (A) obligations issued or sold pursuant to an Act of Congress which expressly prohibits any guarantee of such obligations by the United States, and (B) obligations issued or sold by the Farmers Home Administration.

(b)

Grant or denial of approval by Secretary

(c)

Time and form for submission of financing plans

(Pub. L. 93–224, § 7, Dec. 29, 1973, 87 Stat. 938.)

cite as: 12 USC 2286