12 U.S.C. § 2257a — Uniform financial reporting instructions

(a) In general Each System institution shall comply with uniform financial reporting instructions required by the Farm Credit Administration , to standardize and facilitate the reporting of System data. (b) Computerized system If the financial reports are maintained by a computer system, each System institution may develop an internal computer system or it may contract out to a vendor under open competitive bidding any or all aspects of the computerized system. (c) Submission of proposal Within 6 months of January 6, 1988 , each System institution shall submit to the Farm Credit Administration a report on the plan of that institution to bring the operations of the institution into compliance with the uniform financial reporting instructions required by the Farm Credit Administration . ( Pub. L. 92–181, title V, § 5 .22A, as added Pub. L. 100–233, title IV, § 429 , Jan. 6, 1988 , 101 Stat. 1658 .) CFR Title Parts 12 621

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