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§1510.6. What must the Funding Corporation do with surplus funds?

12 C.F.R. § 1510.6

If the Funding Corporation has funds that are not needed for current interest payments on obligations, it must invest the funds in obligations of the United States issued by the Secretary, in accordance with an investment policy approved by the Secretary.
Notes, amendments, and revision history

Authority

Authority: 12 U.S.C. 1441b; Sec. 14(d), Pub. L. 105-216, 112 Stat. 910.

Source

Source: 65 FR 12069, Mar. 8, 2000, unless otherwise noted.