Page:United States Statutes at Large Volume 101 Part 1.djvu/683

 PUBLIC LAW 100-86—AUG. 10, 1987

101 STAT. 653

SEC. 706. NONPARTICIPATION.

Section 118 of the Federal Credit Union Act (12 U.S.C. 1764) is amended— (1) by striking out "Subject to" in subsection (a) and inserting in lieu thereof "Except as provided in"; and (2) by inserting "and enforce" after "adopt" in subsection (b).

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SEC. 707. PROPERTY ACQUISITION FLEXIBILITY.

Section 120(i)(2) of the Federal Credit Union Act (12 U.S.C. 1766(i)(2)) is amended— (1) by inserting after "reimbursement," the following: "acquire and dispose of, by lease or purchase, real or personal property, without regard to the provisions of any other law applicable to executive or independent agencies of the United States,"; and (2) by inserting after "this Act" the following: ", in accordance ^ with the rules and regulations or policies established by the Board not inconsistent with this Act'. SEC. 708. TREATMENT OF NCUAB FUNDS.

Title I of the Federal Credit Union Act is amended by adding at the end thereof the following: "SEC. 129. TRUST FUND.

12 USC 1772c.

"Notwithstanding any other provision of law, all moneys of the Board shall be treated as trust funds for the purpose of section 256ia)(2) of the Balanced Budget and Emergency Deficit Control Act of 1^85. This section is effective for fiscal year 1986 and every fiscal Ante, p. 634. yeai: thereafter.". SEC.i709. TECHNICAL AND CLARIFYING AMENDMENTS; REMOVAL AND \ PROHIBITION AUTHORITY.

Section 206(g) of the Federal Credit Union Act (12 U.S.C. 1786(g)) is amended— • (1) in paragraph (1), by striking out "director, officer, or committee member" each time it appears and inserting in lieu thereof "director, officer, committee member, or employee"; (2) in paragraph (2), by striking out "director, officer, or committee member" each place it appears and inserting in lieu thereof "director, officer, committee member, or emplovee"; (3) in paragraph (2), by striking out "any other person' and inserting in lieu thereof "any agent or other person"; and (4) in paragraph (2), by inserting "employee, agent," before "or other person '. SEC. 710. EFFECT OF REMOVAL OR SUSPENSION.

Section 206(g) of the Federal Credit Union Act (12 U.S.C. 1786(g)) is amended by adding at the end thereof the following: "(7)(A) Any person who, pursuant to this subsection, is removed, suspended, or prohibited from participation in the conduct of the affairs of an insured credit union shall also be removed, suspended, or prohibited from participation in the conduct of the affairs of any insured institution, any bank holding company or subsidiary of a bank holding company, any organization organized and operated under section 25(a) of the Federal Reserve Act or operating under section 25 of the Federal Reserve Act, and any savings and loan holding company or subsidiary of a savings and loan holding com-

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