Title 12 — Banks and BankingRelease 119-73
§3022 Authorization of additional appropriations; restrictions on use
Title 12 › Chapter CHAPTER 31— - NATIONAL CONSUMER COOPERATIVE BANK › Subchapter SUBCHAPTER I— - ESTABLISHMENT AND OPERATION › § 3022
Summary
Congress provides $2,000,000 for the fiscal year ending September 30, 1979, and whatever additional money is needed for the fiscal years ending September 30, 1980, and September 30, 1981. None of this money may be used to pay off any debt the Bank took on under section 3017, and any funds provided remain available until they are spent.
Full Legal Text
Title 12, §3022
Banks and Banking — Source: USLM XML via OLRC
In addition to appropriations specifically authorized in this chapter, there are authorized to be appropriated $2,000,000 for the fiscal year ending September 30, 1979, and for each of the two succeeding fiscal years, ending September 30, 1980, and September 30, 1981, such sums as may be necessary: Provided, That none of these appropriated sums shall be used to retire any indebtedness of the Bank incurred pursuant to section 3017 of this title. Any sums so appropriated shall remain available until expended.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3022
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73