Page:United States Statutes at Large Volume 103 Part 1.djvu/422

 103 STAT. 394 PUBLIC LAW 101-73 —AUG. 9, 1989 42 USC 1487. Reports. 12 USC 1441a note. ation of the Office of Inspector General established by the amendment made by paragraph (1) of this subsection. (c) CONFORMING AMENDMENTS TO TITLE 5. —Section 5313 of title 5, United States Code, is amended by adding at the end thereof: "Independent Members, Oversight Board, Resolution Trust Corporation.". (d) MIXED-OWNERSHIP GOVERNMENT CORPORATION.— Section 9101(2) of title 31, United States Code, is amended by adding at the end thereof: "(L) the Resolution Trust Corporation.". (e) CONFORMING AMENDMENTS TO URBAN HOMESTEADING PROGRAM AND HOUSING ACT OF 1949.— (1) URBAN HOMESTEADING. —Section 810(g) of the Housing and Community Development Act of 1974 (12 U.S.C. 1706eS)) is amended by adding at the end the following new paragraph: "(3) The Secretary is authorized to reimburse the Resolution Trust Corporation, in an amount to be agreed upon by the Secretary and the Corporation, for property that the Corporation conveys to a unit of general local government, State, or agency for use in connection with an urban homesteading program approved by the Secretary.". (2) HOUSING ACT OF 1949. — Section 517 of the Housing Act of 1949 (42 U.S.C. 1987) is amended by adding after subsection (m) the following new subsection: "(n) The Secretary may guarantee and service loans made for the purchase of eligible residential properties under section 21A(c) of the Federal Home Loan Bank Act in accordance with subsection (d) of this section and the last sentence of section 521(a)(l)(A).". (f) GAO EXAMINATION OF CERTAIN FSLIC RESOLUTIONS.— Notwith- standing any other provision of this Act, the Comptroller General of the United States shall examine and monitor all insolvent institu- tion cases resolved by the Federal Savings and Loan Insurance Corporation from January 1, 1988, through the date of the enact- ment of this Act, and not later than April 30, 1990, shall report to Congress with an estimate of the costs of the agreements entered into by the Corporation pursuant to such resolutions. Not less than annually thereafter, the last report being due on April 30, 1992, the Comptroller General shall provide Congress with revisions to such estimates, to take into account any new information that he obtains with regard to such agreements. - Subtitle B—Resolution Funding Corporation SEC. 511. RESOLUTION FUNDING CORPORATION ESTABLISHED. (a) IN GENERAL.— The Federal Home Loan Bank Act (12 U.S.C. 1421 et seq.) is amended by inserting after section 21A the following new section: 12 USC 1441b. "SEC. 21B. RESOLUTION FUNDING CORPORATION ESTABLISHED. "(a) PURPOSE.— The purpose of the Resolution Funding Corpora- tion is to provide funds to the Resolution Trust Corporation to enable the Resolution Trust Corporation to carry out the provisions of this Act. "(b) ESTABLISHMENT.—T here is established a corporation to be known as the Resolution Funding Corporation. "(c) MANAGEMENT OF FUNDING CORPORATION. —

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