Page:United States Statutes at Large Volume 103 Part 1.djvu/400

 103 STAT. 372 PUBLIC LAW 101-73—AUG. 9, 1989 "(K) To make loans. "(L) To prepare reports and provide such reports, docu- ments, and records to the Oversight Board as required by this section. "(M) To issue capital certificates to the Resolution Fund- ing Corporation consistent with the provisions of section 21B of this Act in the following manner: "(i) AUTHORIZATION TO ISSUE.— The Corporation is hereby authorized to issue to the Resolution Funding . ^ Corporation nonvoting capital certificates. " (ii) REQUIREMENT RELATING TO THE AMOUNT OF CER- TIFICATES. —The amount of certificates issued by the Corporation under clause (i) shall be equal to the aggre- . gate amount of funds provided by the Resolution Fund- ing Corporation to the Corporation under section 21B, "(iii) CERTIFICATES MAY BE ISSUED ONLY TO THE RESO- LUTION FUNDING CORPORATION. — Capital certificates issued under clause (i) may be issued only to the Reso- lution Funding Corporation in the manner and to the extent provided in section 21B and this section. "(iv) No DIVIDENDS. — The Corporation shall not pay dividends on any capital certificates issued under this section. "(N) To exercise any other power established under this section and such incidental powers as are necessary to carry out its duties and functions under this section. "(11) SPECIAL POWERS.— "(A) IN GENERAL. — In addition to the powers of the Cor- poration described in paragraph (10), the Corporation shall have the following powers: "(i) CONTRACTS. —The Corporation may enter into contracts with any person, corporation, or entity, including State housing finance authorities (as such term is defined in section 1301 of the Financial Institu- tions Reform, Recovery, and Enforcement Act of 1989) and insured depository institutions, which the Corpora- tion determines to be necessary or appropriate to carry out its responsibilities under this section. Such con- tracts shall be subject to the procedures adopted pursu- ant to paragraph (12). "(ii) UTILIZATION OF PRIVATE SECTOR.— In carrying out the Corporation's duties under this section, the Corporation and the Federal Deposit Insurance Cor- poration shall utilize the services of private persons, , including real estate and loan portfolio asset manage- ment, property management, auction marketing, and brokerage services, if such services are available in the private sector and the Corporation determines utiliza- tion of such services are practicable and efficient. "(iii) MERGERS AND CONSOLIDATIONS.— The Corpora- tion may require a merger or consolidation of an institution or institutions over which the Corporation has jurisdiction, if such merger or consolidation is consistent with section 13(c)(4) of the Federal Deposit Insurance Act.

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