Page:United States Statutes at Large Volume 103 Part 2.djvu/869

 PUBLIC LAW 101-220—DEC. 12, 1989 103 STAT. 1879 "SEC. IJT. - JE. RESEARCH INTO NEW COMMERCIAI. PRODUCTS FROM NATU- RAL PLANT MATERIALS. "The Secretary may— "(1) conduct fundamental and applied research related to the development of new commercial products derived from natural plant materials for industrial, medical, and agricultural ap- plications; and "(2) participate with colleges and universities, other Federal agencies, and private sector entities in conducting such research.". SEC. 6. CALCULATION OF INSURANCE PREMIUMS PAID BY FARM CREDIT SYSTEM INSTITUTIONS. (a) IN GENERAL.— Section 5.55 of the Farm Credit Act of 1971 (12 U.S.C. 2277a-4) is amended— (1) by striking subsection (a) and inserting the following: " (a) AMOUNT IN FUND NOT EXCEEDING SECURE BASE AMOUNT.— "(1) IN GENERAL.— Until the aggregate of amounts in the Farm Credit Insurance Fund exceeds the secure base amount, the annual premium due from any insured System bank for any calendar year shall be equal to the sum of— "(A) the annual average principal outstanding for such year on loans made by the bank that are in accrual status, excluding the guaranteed portions of government-guaran- teed loans provided for in subparagraph (C), multiplied by 0.0015; "(B) the annual average principal outstanding for such year on loans made by the bank that are in nonaccrual status, multiplied by 0.0025; and "(C)(i) the annual average principal outstanding for such year on the guaranteed portions of Federal Government- guaranteed loans made by the bank that are in accrual status, multiplied by 0.00015; and "(ii) the annual average principal outstanding for such year on the guaranteed portions of State government- guaranteed loans made by the bank that are in accrual status, multiplied by 0.0003. "(2) DEFINITION OF GOVERNMENT-GUARANTEED LOANS. —As used in this section and section 1.12(b), the term 'government- guaranteed loans' means loans or credits, or portions of loans or credits, that are guaranteed— "(A) by the full faith and credit of the United States Government or any State government; "(B) by an agency or other entity of the United States Government whose obligations are explicitly guaranteed by the United States Government; or "(C) by an agency or other entity of a State government whose obligations are explicitly guaranteed by such State government."; (2) in subsection (b), by inserting after "for the following calendar year" the following: ", as determined under subsection (a),"; (3) in subsection (c), by inserting after "at such time" the following: "(adjusted downward to exclude an amount equal to the sum of (1) 90 percent of the guaranteed portions of principal outstanding on Federal Government-guaranteed loans in ac- crual status made by such banks and (2) 80 percent of the 7 USC 3319e. Banks and banking. Loans.

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