Page:United States Statutes at Large Volume 102 Part 1.djvu/1042

 102 STAT. 1004 12 USC 2017.

12 USC 2219c, 22i9d.

PUBLIC LAW 100-399—AUG. 17, 1988

SEC. 412. AMENDMENTS RELATED TO SECTION 426 OF THE 1987 ACT. (a) Section 1.9(b) is amended by striking out "approved by" and inserting in lieu thereof "prescribed by regulations of ". (b) Section 1.9(c) is amended— (1) by striking out "appraisal" the second place it appears; and (2) by striking out "and approved by" and inserting in lieu thereof "in accordance with regulations of". SEC. 413. AMENDMENTS RELATED TO SECTIONS 427 AND 428 OF THE 1987 ACT. Part H of title IV is amended by redesignating section 4.37 (as added by section 427 of the 1987 Act) and section 4.38, as sections 4,38 and 4.39, respectively. SEC. 414. AMENDMENT RELATED TO SECTION 430 OF THE 1987 ACT. Part D of title IV is amended by adding at the end the following:

12 USC 2209.

12 USC 2245. 12 USC 2096.

12 USC 2250.

12 USC 2254.

12 USC 2071 note.

"SEC. 4.21. COMPENSATION OF DIRECTORS. "No member of the board of directors of a System bank may receive more than $15,000 per year under this Act as compensation for serving as a director of such bank.". SEC. 415. AMENDMENTS RELATED TO SECTION 431 OF THE 1987 ACT. (a) Section 5.11(c)(2)(C) is amended by striking out "5315" and inserting in lieu thereof "5373". (b) Section 2.15(c)(l) is amended to read as follows: "(c)(1) Notwithstanding any territorial limitation in the charter of a production credit association located in a district in which there are only two such associations, the Farm Credit Administration Board, on request of such association, may permit such association to provide credit and technical assistance to any borrower who is denied credit by the other production credit association in the district if the Board determines that such other production credit association in the district is unduly restrictive in the application of credit standards.". SEC. 416. AMENDMENTS RELATED TO SECTION 432 OF THE 1987 ACT. (a) Section 5.15(a)(2)(A) is amended by striking out "such assessment" and inserting in lieu thereof "the assessment described in paragraph (I)(B)". (b) Section 5.15(a)(2)(C:0 is amended by striking out "specified" and inserting in lieu thereof "described". (c) Section 5.19(a) is amended by striking out "5" and inserting in lieu thereof "three". SEC. 417. AMENDMENTS RELATED TO SECTION 433 OF THE 1987 ACT. (a) Section 433(a) of the 1987 Act is amended— (1) by striking out "this Act" and inserting in lieu thereof "law"' and (2) by striking out "the Agricultural Credit Act of 1987" and inserting in lieu thereof "this Act". (b) Section 433(b) of the 1987 Act is amended by striking out "subsection" and inserting in lieu thereof "section". (c) Section 433(c)(2)(B) of the 1987 Act is amended by striking out "such adjoining district" and inserting in lieu thereof "the adjoining district bank".

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