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12 U.S.C. § 2147

Title 12 Chapter 23 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →
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§ 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.

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