Farm Credit Administration Board

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Title 12—BANKS AND BANKING > CHAPTER 23—FARM CREDIT SYSTEM > SUBCHAPTER V—FARM CREDIT ADMINISTRATION ORGANIZATION > Part B—Farm Credit Administration Organization

This text was captured on Jul 23, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

The management of the Farm Credit Administration shall be vested in a Farm Credit Administration Board (referred to in this part as “the Board”). The Board shall consist of three members, who shall be citizens of the United States and broadly representative of the public interest. Members of the Board shall be appointed by the President, by and with the advice and consent of the Senate. Not more than two members of the Board shall be members of the same political party. Of the persons thus appointed, one shall be designated by the President to serve as Chairman of the Board for the duration of the member’s term. The members of the Board shall be ineligible during the time they are in office and for two years thereafter to hold any office, position, or employment in any institution of the Farm Credit System.

( Pub. L. 92–181, title V, § 5 .8, Dec. 10, 1971 , 85 Stat. 617 ; Pub. L. 96–592, title V, § 503 , Dec. 24, 1980 , 94 Stat. 3449 ; Pub. L. 99–205, title II, § 201(1) , Dec. 23, 1985 , 99 Stat. 1688 ; Pub. L. 100–233, title IV, § 431(a) , Jan. 6, 1988 , 101 Stat. 1658 ; Pub. L. 102–552, title I, § 102 , Oct. 28, 1992 , 106 Stat. 4103 .)

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