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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 3042 Authorization of appropriations for advances; deposits into separate Account in Bank; availability of amounts us united_states_code code_section 12 BANKS AND BANKING 31 NATIONAL CONSUMER COOPERATIVE BANK 3042 12 U.S.C. § 3042 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s3042 data/legal/raw/us/code/title-12/usc12.xml b7b7f714d1a16d5192459e9defe9d7b86e72ec2cf0dee5f3d3d581c9f8bb4d09 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa e83ef7cbb4345fedbc1d9eb3d0b3e40bf77d376fc36c209c6a69a1dc2c2f3f76 2026-07-04 official
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12 U.S.C. § 3042 - Authorization of appropriations for advances; deposits into separate Account in Bank; availability of amounts

Text

There are hereby authorized to be appropriated to the Office for the purpose of making advances under section 3043 of this title an amount not to exceed $14,000,000 for fiscal year 1982. Any amounts appropriated to the Office shall be deposited by the Office in a separate account in the Bank (hereinafter the “Account”), and shall remain available until expended. Repayments of capital investment advances made pursuant to section 3043(a) of this title and interest supplement advances made pursuant to section 3043(b) of this title and payments of interest thereon pursuant to section 3043(c) of this title shall also be deposited in the Account. No other funds of the Bank shall be transferred into the Account. The Account shall be used by the Office only as authorized in section 3043 of this title.

(Pub. L. 95351, title II, § 202, Aug. 20, 1978, 92 Stat. 511; Pub. L. 9735, title III, § 395(b)(1), Aug. 13, 1981, 95 Stat. 438.)

Notes

Editorial Notes

Amendments1981—Pub. L. 9735 substituted provisions authorizing appropriations for fiscal year 1982, for provisions authorizing appropriations for the fiscal year ending Sept. 30, 1979, and the next two succeeding fiscal years.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 AmendmentAmendment by Pub. L. 9735 effective Oct. 1, 1981, see section 395(b)(3) of Pub. L. 9735, set out as a note under section 3014 of this title.