Statute · United States Code
12 U.S.C. § 2147 — Patronage pools
12 U.S.C. § 2147
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- general
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.
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.