§ 1795b. — National Credit Union Administration Central Liquidity Facility; establishment; management; jurisdiction.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1795b]
TITLE 12--BANKS AND BANKING
CHAPTER 14--FEDERAL CREDIT UNIONS
SUBCHAPTER III--CENTRAL LIQUIDITY FACILITY
Sec. 1795b. National Credit Union Administration Central
Liquidity Facility; establishment; management; jurisdiction
There is created the National Credit Union Administration Central
Liquidity Facility. The Central Liquidity Facility, an instrumentality
of the United States, shall exist within the National Credit Union
Administration and be managed by the Board. The United States district
court shall have original jurisdiction over any case to which the Board
on behalf of the Facility is a party, without regard to the amount in
controversy.
(June 26, 1934, ch. 750, title III, formerly subch. III, Sec. 303, as
added and amended Pub. L. 95-630, title V, Sec. 502(b), title XVIII,
Sec. 1802, Nov. 10, 1978, 92 Stat. 3681, 3720; Pub. L. 96-221, title
III, Sec. 309(a)(4), (b)(1), Mar. 31, 1980, 94 Stat. 149; Pub. L. 98-
369, div. B, title VIII, Sec. 2813(a)(1), July 18, 1984, 98 Stat. 1206.)
Codification
Section 309(b)(1) of Pub. L. 96-221 redesignated subch. III as title
III of act June 26, 1934, ch. 750, cited as a credit to this section.
Amendments
1984--Pub. L. 98-369 inserted ``, an instrumentality of the United
States,''.
1980--Pub. L. 96-221, Sec. 309(a)(4), substituted ``Board'' for
``Administrator'' in two places, such change having been made previously
by Pub. L. 95-630.
1978--Pub. L. 95-630, Sec. 502(b), substituted ``Board'' for
``Administrator'' in two places.
Effective Date of 1984 Amendment
Amendment by Pub. L. 98-369 effective Oct. 1, 1979, see section
2813(c) of Pub. L. 98-369, set out as an Effective Date note under
section 1795k of this title.
Effective Date of 1978 Amendment
Amendment effective on expiration of 120 days after Nov. 10, 1978,
and transitional provisions, see section 509 of Pub. L. 95-630, set out
as a note under section 1752 of this title.
