Same: Bonds of United States and Federal Instrumentalities

(a) Bonds or other evidence of indebtedness of the United States of America, or any of its agencies or instrumentalities, when such obligations are guaranteed as to principal and interest by the United States of America or by any agency or instrumentality thereof; (b) Debt securities issued by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation that are backed by pools of mortgage loans and guaranteed as to timely repayment of principal and interest by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; or (c) Non-mortgage-related bonds or other evidence of indebtedness of the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. (d) Bonds authorized under this Section may be purchased and held in investment funds authorized under § 8158, or in exchange-traded funds authorized under § 8158.1; such purchases shall be excluded from the limitations of § 8158(e) and § 8158.1(b). SOURCE: GC § 4225.7. Repealed and reenacted by P.L. 26-035:IV:24 (Sept. 28, 2001). Reenacted to its prior version by P.L. 26-058:XI:10 (Nov. 20, 2001). Amended by P.L. 30-233:2 (Dec. 30, 2010). Amended by P.L. 32-086:9 (Nov. 27, 2013). 2025 NOTE: The Compiler has corrected manifest errors in past publications of the GCA, including omissions of legislative history.