12 CFR 1510.6 – What must the Funding Corporation do with surplus funds?
Current as of: 2024 | Check for updates
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If the Funding Corporation has funds that are not needed for current interest payments on obligations, it must invest the funds in obligations of the United States issued by the Secretary, in accordance with an investment policy approved by the Secretary.
Terms Used In 12 CFR 1510.6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.