§ 1141i. — Examination of books and accounts.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1141i]
TITLE 12--BANKS AND BANKING
CHAPTER 7A--AGRICULTURAL MARKETING
Sec. 1141i. Examination of books and accounts
Vouchers approved by the Governor of the Farm Credit Administration
for expenditures from the revolving fund pursuant to any loan or advance
or from insurance moneys pursuant to any insurance agreement, shall be
final and conclusive upon all officers of the Government; except that
all financial transactions of the administration shall, subject to the
above limitations, be examined by the General Accounting Office at such
times and in such manner as the Comptroller General of the United States
may by regulation prescribe.
(June 15, 1929, ch. 24, Sec. 14, 46 Stat. 18; Ex. Ord. No. 6084, Mar.
27, 1933; Aug. 30, 1954, ch. 1076, Sec. 1(30), 68 Stat. 968.)
Codification
Section was formerly classified to section 534 of Title 7,
Agriculture.
Amendments
1954--Act Aug. 30, 1954, repealed former second sentence which
required the Comptroller General to make reports to Congress on
examinations of Farm Credit Administration transactions under the
agricultural marketing revolving fund, in violation of law, together
with his recommendations. See chapter 91 of Title 31, Money and Finance.
Change of Name
``Governor of the Farm Credit Administration'' and
``administration'' substituted in text for ``chairman of the board'' and
``board'', respectively, pursuant to Ex. Ord. No. 6084, set out
preceding section 2241 of this title.
Transfer of Functions
Establishment of Farm Credit Administration as an independent
agency, composition of Farm Credit Administration, appointment of
Governor of Farm Credit Administration, and duties thereof, including
duty to perform functions, etc., of Farm Credit Administration, see
section 2241 et seq. of this title.
Exceptions From Transfer of Functions
Functions of Farm Credit Administration or any agency, officer, or
entity of, under, or subject to supervision of said Administration
excepted from functions of officers, agencies, and employees transferred
to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, Sec. 1, eff.
June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to
Title 5, Government Organization and Employees.
Insurance Agreements
Insurance agreements, referred to in the text, were authorized to be
made by section 11 of act June 15, 1929, which section was repealed by
act June 16, 1933, ch. 98, title V, Sec. 50(a), 48 Stat. 265. Section 11
authorized the former Federal Farm Board, upon application of
cooperative associations, to enter into agreements subject to specified
conditions, for the insurance of the associations against loss through
price decline in the agricultural commodity handled by the associations
and produced by the members thereof.
