12 USC 2279aa-13 - Authority to issue obligations to cover guarantee losses of Corporation

U.S Code last checked for updates: May 07, 2024

§ 2279aa–13.

Authority to issue obligations to cover guarantee losses of Corporation

(a)

Sale of obligations to Treasury

(1)

In general

(2)

Certification

The Secretary of the Treasury may purchase obligations of the Corporation under paragraph (1) only if the Corporation certifies to the Secretary that—

(A)

the requirements of section 2279aa–10(c) of this title have been fulfilled; and

(B)

the proceeds of the sale of such obligations are needed to fulfill the obligations of the Corporation under any guarantee provided by the Corporation under this subchapter.

(b)

Expeditious transaction required

(c)

Limitation on amount of outstanding obligations

(d)

Terms of obligation

(1)

Interest

(2)

Redemption

(e)

Coordination with title 31

(1)

Authority to use proceeds from sale of Treasury securities

(2)

Treatment of transactions

(f)

Authorization of appropriations

(Pub. L. 92–181, title VIII, § 8.13, as added Pub. L. 100–233, title VII, § 702, Jan. 6, 1988, 101 Stat. 1704; amended Pub. L. 104–105, title I, § 109(b)(2), Feb. 10, 1996, 110 Stat. 165.)

cite as: 12 USC 2279aa-13