Pub. L. 108-199, div. A, tit. VII, sec. 739

Pub. L. 108-199, div. A, tit. VII, sec. 739

EnactedYear: 2004Length: 75 wordsOfficial source
Sec. 739. The Agricultural Marketing Service and the Grain Inspection, Packers and Stockyards Administration, that have statutory authority to purchase interest bearing investments outside of the Treasury, are not required to establish obligations and outlays for those investments, provided those investments are insured by the Federal Deposit Insurance Corporation or are collateralized at the Federal Reserve with securities approved by the Federal Reserve, operating under the guidelines of the United States Department of the Treasury.