Page:United States Statutes at Large Volume 100 Part 4.djvu/978

 100 STAT. 3341-373

PUBLIC LAW 99-591—OCT. 30, 1986

.). (2) by striking out the period at the end thereof and inserting •G the following: ", including sale on a nonrecourse basis. The Secretary and any subsequent purchaser of such notes and other obligations sold by the Secretary on a nonrecourse basis shall be relieved of any responsibilities that might have been imposed had the borrower remained indebted to the Secretary.", (c) FARM CREDIT SYSTEM INSTITUTIONS.—Notwithstanding

any

other provision of law, institutions of the Farm Credit System operating under the Farm Credit Act of 1971 (12 U.S.C. 2001) shall be eligible to purchase notes and other obligations held in the Rural Development Insurance Fund and to service (including the extension of additional credit and all other actions necessary to preserve, conserve, or protect the institutions' interests in such notes and other obligations), collect, and dispose of such notes and other obligations, subject only to such terms and conditions as may be Eigreed to by the Secretary of Agriculture and such purchasing institutions and as are approved by the Farm Credit Administration, TITLE V—AVIATION SAFETY SHORT TITLE



J l^,. •

SEC. 501. This title may be cited as the "Aviation Safety Commission Act of 1986".
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COMMISSION ESTABLISHED

SEC. 502. (a) There is established a commission to be known as the Aviation Safety Commission (hereinafter referred to as the "Commission"). (b)(1) The Commission shall be composed of seven members appointed by the President no later than 30 days after the date of enactment of this Act. (2) Appointees to the Commission shall possess extensive experience and expertise at the highest executive levels of public or corporate management. (3) No member of the Commission shall, at the time of such member's appointment, be an employee or officer of the Federal Government, nor shall any member have been an employee of the Federal Government for at least 3 years before such member's appointment to the Commission. (4)(A) At least four members of the Commission, including the Chairman, shall not have performed any service or have been involved in any way in any business concern in air commerce or any aviation-related industry for at least 3 years before their appointment to the Commission. (B) For the purposes of this paragraph, the term "air commerce" has the meaning given to such term in section 101(4) of the Federal Aviation Act of 1958 (49 App. U.S.C. 1301(4)). (c) The President shall appoint one of the members to serve as Chairman of the Commission. (d) Any vacancy in the Commission shall not affect its powers, but shall be filled in the same manner in which the original appointment was made. (e) Four members of the Commission shall constitute a quorum, but a lesser number may hold hearings.

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