12 U.S.C. § 3304 — Costs and expenses of Council
submitted 48 years ago by Pub. L. 95-630 to r/title-12-BANKS-AND-BANKING · 57 words · no verdicts yet
This section allocates the Financial Institutions Examination Council’s costs and expenses, including employee salaries, among the Federal financial institutions regulatory agencies. The Council must levy annual assessments based on its projected budget and may levy additional assessments when necessary.
One-fifth of the costs and expenses of the Council*, including the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies*. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may be made during the year if necessary.
One-fifth of the costs and expenses of the Council*, including the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies*. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may be made during the year if necessary.
Source credit: (Pub. L. 95–630, title X, § 1005, Nov. 10, 1978, 92 Stat. 3695.)
- 1978Enacted · Pub. L. 95-630 · 92 Stat. 3695
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-630 on 1978-11-10.
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