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Title 12 — Banks and BankingRelease 119-73

§2249 Administrative expenses

Title 12 › Chapter CHAPTER 23— - FARM CREDIT SYSTEM › Subchapter SUBCHAPTER V— - FARM CREDIT ADMINISTRATION ORGANIZATION › Part Part B— - Farm Credit Administration Organization › § 2249

Last updated Apr 6, 2026|Official source

Summary

Allows the Farm Credit Administration to use available money to pay for staff and rent in the capital and elsewhere, hire shorthand or transcription services, buy and trade law and reference books and subscriptions, pay travel and meeting costs, buy, run, and maintain cars and other vehicles, handle printing and similar services, and hire temporary help as needed to run its work. It may sell property it bought, and money from those sales must be put into the special fund in section 2250(b). Those funds can be used by the Administration in the same way as the funds under section 2250(a).

Full Legal Text

Title 12, §2249

Banks and Banking — Source: USLM XML via OLRC

The Farm Credit Administration may, within the limits of funds available therefor, make necessary expenditures for personnel services and rent at the seat of Government and elsewhere; contract stenographic reporting services; purchase and exchange lawbooks, books of reference, periodicals, newspapers, expenses of attendance at meetings and conferences; purchase, operation, and maintenance at the seat of Government and elsewhere of motor-propelled passenger-carrying vehicles and other vehicles; printing and binding; and for such other facilities and services, including temporary employment by contract or otherwise, as it may from time to time find necessary for the proper administration of this chapter. The Farm Credit Administration may dispose of property so acquired and any amounts collected from the disposition of such property shall be deposited in the special fund provided for in section 2250(b) of this title and shall be available to the Administration in the same manner and for the same purposes as the funds collected under section 2250(a) of this title.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 5.14 of Pub. L. 92–181 was renumbered section 5.13 and is classified to section 2248 of this title.

Amendments

1985—Pub. L. 99–205 made technical

Amendments

to the references to section 2250(b) and 2250(a) of this title appearing in second sentence to reflect the renumbering of the corresponding section of the original act. 1980—Pub. L. 96–592 inserted provisions relating to disposal of property and deposit of amounts from such disposal.

Statutory Notes and Related Subsidiaries

Effective Date

of 1985 AmendmentAmendment by Pub. L. 99–205 effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99–205, set out as a note under section 2001 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 2249

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73