Page:United States Statutes at Large Volume 102 Part 1.djvu/1037

 PUBLIC LAW 100-399—AUG. 17, 1988

102 STAT. 999

(5) in paragraph (21), by striking out the period and inserting in lieu thereof "; and"; and (6) by adding at the end the following: "(22) operate as an originator and become certified as a certified facility under title VIIL". (v) Section 2.14 is hereby repealed, and the Farm Credit Act of 1971 shall be applied and administered as if such section had not been enacted. (w) Title n is amended by redesignating sections 2.15, 2.16, and 2.17, as sections 2.14, 2.15, and 2.16, respectively. (x) Section 2.16, as so redesignated, is amended— (1) by inserting a comma after "therefrom" the first place it appears; (2) by striking out "banks" and inserting in lieu thereof "associations"; and (3) by striking out "742(a)" and inserting in lieu thereof "3124". SEC. 402. AMENDMENTS RELATED TO SECTION 410 OF THE 1987 ACT. (a) Section 41(Ka) of the 1987 Act is amended— (1) by inserting "Farm Credit System" after "each"; and (2) by adding at the end the following: "The mergers required by this section shall be implemented without regard to title

12 USC 2095 and note. 12 USC 2096-2098. 12 USC 2098.

12 USC 20ii note.

vn.". (b) Section 410(b) of the 1987 Act is amended by striking out "The" and inserting in lieu thereof "Notwithstanding section 1.6 (as added by section 401 of this Act), the". (c) Section 41(Kc) of the 1987 Act is amended— (1) by inserting "established under section 6.0" after "Assistance Board"; and (2) by inserting "established under section 6.20" after "Assistance (Corporation". (d) Section 410(d) of the 1987 Act is amended by striking out "The" and inserting in lieu thereof "Notwithstanding section 1.4 (as added by section 401 of this Act), the". SEC. 403. AMENDMENTS RELATED TO SECTION 411 OF THE 1987 ACT. Paragraphs (2) and (3) of section All(b) of the 1987 Act are each amended by striking out "6-month" and inserting in lieu thereof "12-month''. SEC. 404. AMENDMENTS RELATED TO SECTION 412 OF THE 1987 ACT. (a) The section heading of section 412 of the 1987 Act is amended to read as follows: "SEC. 412. CONSOLIDATION OF DISTRICT FARM CREDIT BANKS.". (b) Section 412(a)(2) of the 1987 Act is amended— (1) by striking out the second comma; (2) by striking out "System banks" and inserting in lieu thereof "Banks"; (3) by striking out "farm credit banks" and inserting in lieu thereof "Farm Credit Banks". (c) Section 412(b)(l) of the 1987 Act is amended— (1) by striking out "(b)(2)" and inserting in lieu thereof "(a)(2)"; and (2) by striking out "paragraph (2)" and inserting in lieu thereof "paragraph (3)".

12 USC 2071 note.

12 USC 2002 note.

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