Page:United States Statutes at Large Volume 103 Part 1.djvu/247

 PUBLIC LAW 101-73—AUG. 9, 1989 103 STAT. 219 "(B) maintained separately and not commingled; and "(C) used by the Corporation to carry out its insurance purposes in the manner provided in this subsection. '(5) BANK INSURANCE FUND.— "(A) ESTABLISHMENT.— T here is established a fund to be known as the Bank Insurance Fund. "(B) TRANSFER TO FUND.— On the date of the enactment of the Financial Institutions Reform, Recovery, and Enforce- ment Act of 1989, the Permanent Insurance Fund shall be dissolved and all assets and liabilities of the Permanent Insurance Fund shall be transferred to the Bank Insurance Fund. "(C) USES. —The Bank Insurance Fund shall be available to the Corporation for use with respect to Bank Insurance Fund members. "(D) DEPOSITS. —All amounts assessed against Bank Insur- ance Fund members by the Corporation shall be deposited into the Bank Insurance Fund. ' (6) SAVINGS ASSOCIATION INSURANCE FUND.— "(A) ESTABLISHMENT.—T here is established a fund to be known as the Savings Association Insurance Fund. "(B) USES.— The Savings Association Insurance Fund shall be available to the Corporation for use with respect to Savings Association Insurance Fund members. "(C) DEPOSITS. —All amounts assessed against Savings Association Insurance Fund members which are not re- quired for the Financing Corporation, the Resolution Fund- ing Corporation, or the FSLIC Resolution Fund shall be deposited in the Savings Association Insurance Fund. "(D) AVAILABILITY OF FUNDS FOR ADMINISTRATIVE EXPENSES. — "(i) IN GENERAL. — The FSLIC Resolution Fund shall deposit in the Savings Association Insurance Fund such amounts as the Corporation determines are needed during the period beginning on the date of the enact- ment of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and ending on September 30, 1991, to pay the administrative and supervisory expenses of such Fund. (ii) PRIORITY.—The Savings Association Insurance Fund shall have priority over other obligations of the FSLIC Resolution Fund with respect to such amounts. "(E) TREASURY PAYMENTS TO FUND.— TO provide sufficient funding for the Savings Association Insurance Fund to carry out the purposes of this Act, the Secretary of the Treasury shall pay to such Fund, for each of the fiscal years 1992 through 1999, the amount, if any, by which $2,000,000,000 exceeds the amount deposited in such Fund (during such fiscal year) pursuant to subparagraph (C). "(F) TREASURY PAYMENTS TO MAINTAIN NET WORTH OP FUND.—The Secretary of the Tresisury shall pay to the Savings Association Insurance Fund, for each fiscal year described in the following table, any additional amount which may be necessary, as determined by the Corporation and the Secretary of the Treasury to ensure that such Fund has the minimum net worth referred to in such table throughout each such fiscal year:

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