federal_register: 2012-3411

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2012-3411 Disclosure to Investors in System-wide and Consolidated Bank Debt Obligations of the Farm Credit System Proposed Rule The Farm Credit Administration (FCA, us, we, or our) proposes to amend our regulations related to the Federal Farm Credit Banks Funding Corporation (Funding Corporation) System Audit Committee (SAC) and the Farm Credit System (System) annual report to investors. The proposed rule would remove the provision that a two-thirds majority vote of the Funding Corporation board of directors be required to deny a request for resources by the SAC to engage independent legal counsel, outside advisors or consultants. The proposed rule would instead require appropriate funding to the SAC to perform these duties, quarterly reporting by the SAC to the Funding Corporation board on resources used, and annual reporting to investors. 2012-02-14 2012 2 https://www.federalregister.gov/documents/2012/02/14/2012-3411/disclosure-to-investors-in-system-wide-and-consolidated-bank-debt-obligations-of-the-farm-credit https://www.govinfo.gov/content/pkg/FR-2012-02-14/pdf/2012-3411.pdf Farm Credit Administration 154 The Farm Credit Administration (FCA, us, we, or our) proposes to amend our regulations related to the Federal Farm Credit Banks Funding Corporation (Funding Corporation) System Audit Committee (SAC) and the Farm Credit System (System) annual report to... 3052-AC77

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