12 U.S.C. § 2147Chapter 23

§2147. Patronage pools

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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.

Full Text

§2147. Patronage pools

Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—

(1) for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and

(2) allocate revenues, expenses, and net savings among such pools on an equitable basis.

Last amended: December 31, 2024

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