United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 14. FEDERAL CREDIT UNIONS |
SubChapter III. CENTRAL LIQUIDITY FACILITY |
§ 1795b. National Credit Union Administration Central Liquidity Facility; establishment; management; jurisdiction
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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.
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, § 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, § 502(b), substituted “Board” for “Administrator” in two places.
Effective Date Of Amendment
Amendment by Pub. L. 98–369 effective
Amendment effective on expiration of 120 days after