B-204227: Oct 21, 1981

The National Credit Union Administration (NCUA) requested an opinion from GAO concerning its authority to offer public credit markets, certain debt instruments for the purpose of funding activities of the NCUA Central Liquidity Facility.GAO concurred with NCUA's opinion that it was legally able to issue debt obligations on behalf of the Central Liquidity Facility. GAO does not, however, concur wit...

B-204227: Oct 21, 1981

GAO was asked whether the National Credit Union Administration (NCUA) had the authority to offer, in the public credit markets, certain debt instruments for the purpose of funding activities of the NCUA Central Liquidity Facility. Specifically, NCUA requested concurrence on its position that: (1) NCUA has the authority under the Federal Credit Union Act to issue debt obligations on behalf of the C...