There is created the National Credit Union Administration Central Liquidity Facility. The Central Liquidity Facility, an instrumentality of the United States, shall exist within the National Credit Union Administration and be managed by the Board. The United States district court shall have original jurisdiction over any case to which the Board on behalf of the Facility is a party, without regard to the amount in controversy.
June 26, 1934, ch. 750Pub. L. 95–630, title V, § 502(b)92 Stat. 3681Pub. L. 96–221, title III, § 309(a)(4)94 Stat. 149Pub. L. 98–369, div. B, title VIII, § 2813(a)(1)98 Stat. 1206(, title III, formerly subch. III, § 303, as added and amended , title XVIII, § 1802, , , 3720; , (b)(1), , ; , , .)
Editorial Notes
Codification
Section 309(b)(1) of Pub. L. 96–221act June 26, 1934, ch. 750 redesignated subch. III as title III of , cited as a credit to this section.
Amendments
Pub. L. 98–3691984— inserted “, an instrumentality of the United States,”.
Pub. L. 96–221, § 309(a)(4)Pub. L. 95–6301980—, substituted “Board” for “Administrator” in two places, such change having been made previously by .
Pub. L. 95–630, § 502(b)1978—, substituted “Board” for “Administrator” in two places.
Statutory Notes and Related Subsidiaries
Effective Date of 1984 Amendment
Pub. L. 98–369section 2813(c) of Pub. L. 98–369section 1795k of this titleAmendment by effective , see , set out as an Effective Date note under .
Effective Date of 1978 Amendment
section 509 of Pub. L. 95–630section 1752 of this titleAmendment effective on expiration of 120 days after , and transitional provisions, see , set out as a note under .
Effective Date
section 1806 of Pub. L. 95–630section 1795 of this titleSection effective , see , set out as a note under .