Title 12, Chapter 24 — Federal Financing Bank

Congressional findings and declaration of purpose

Definitions

Creation of Federal Financing Bank

Board of Directors

Functions

Acquisition of obligations involving loan guarantees for New York City

Approval of financing plans by Secretary of the Treasury

Initial capital

Bank obligations

General powers

Exemptions

Preparation of obligations

Annual report to the President and Congress

Budget and audit provisions of Government corporation control law applicable

Payments on behalf of public bodies

Contracts for periodic payments to offset costs of purchase of obligations of local public housing agencies

Authority or responsibility under other provisions of law not to be affected or impaired

Increase not authorized in amounts of obligations issued, sold, or guaranteed by Federal agencies