Page:United States Statutes at Large Volume 85.djvu/651
85 STAT. ]
PUBLIC LAW 92-181-DEC. 10, 1971
tration for expenditure during each fiscal year for salaries and expenses of said Administration. As soon as practicable after the end of each such fiscal year, the Administration shall determine, on a fair and reasonable basis, the cost of operation of the F a r m Credit Administration and the part thereof which fairly and equitably should be allocated to each bank and association as its share of the cost during the fiscal year of such Administration. I f the amount so allocated is greater than the amount collected from the bank or other institutions, the difference shall be collected from such bank or other institutions, and, if less, shall be refunded from the special fund to the bank or other institutions entitled thereto or credited in the special fund to such bank or other institutions for use for the same purposes in future fiscal years. SEC. 5.17.
QUARTERS AND FACILITIES FOR THE FARM CREDIT A D M I N -
ISTRATION.—AS an alternate to the rental of quarters under section 5.15, and without regard to any other provision of law, the banks of the System, with the concurrence of two-thirds of the district boards, are hereby authorized— (1) To lease or acquire real property in the District of Columbia or elsewhere for quarters of the Farm Credit Administration. (2) To construct, develop, furnish, and equip such building thereon and such facilities appurtenant thereto as m their judgment may be appropriate to provide, to the extent the Federal F a r m Credit Board may deem advisable, suitable, and adequate quarters and facilities for the Farm Credit Administration. (3) To enlarge, remodel, or reconstruct the same. (4) To make or enter into contracts for any of the foregoing. The Board may require of the respective banks of the System, and they shall make to the Farm Credit Administration, such advances of funds for the purposes set out in this section as in the sole judgment of the Board may from time to time be advisable for the purposes of this section. Such advances shall be in addition to and kept in a separate fund from the assessments authorized in section 5.16 and shall be apportioned by the Board among the banks in proportion to the total assets of the respective banks, and determined in such manner and at such times as the Board may prescribe. The powers of the banks of the System and purposes for which obligations may be issued by such banks are hereby enlarged to include the purpose of obtaining funds to permit the making of advances required by this section. The plans and decisions for such building and facilities and for the enlargement, remodeling, or reconstruction thereof shall be such as is approved in the sole discretion of the Board. SEC. 5.18. ENUMERATED POWERS.—The F a r m Credit Administration shall have the following powers, functions, and responsibilities in connection with the institutions of the F a r m Credit System and the administration of this Act: (1) Modify the boundaries of farm credit districts, with due regard for the farm credit needs of the country, as approved by the Federal F a r m Credit Board, with the concurrence of the district boards involved. (2) Where necessary or appropriate to carry out the policy and objectives of this Act, issue and amend or modify Federal charters or the bylaws of institutions of the System; approve change in names of banks operating under this Act; approve the merger of districts when agreed to by the boards of the districts involved and by a majority vote of the voting stockholders and contributors to the guaranty funds of each bank for each of such districts, voting in the same manner as is provided in section 4.10 of this Act; approve mergers of banks