Page:United States Statutes at Large Volume 105 Part 2.djvu/822

 105 STAT. 1774 PUBLIC LAW 102-233—DEC. 12, 1991 the technical and cost rating process applicable with respect to such proposals. "(2) CERTAIN JOINT VENTURES INCLUDED. —Paragraph (1) shall apply to any proposal submitted by a joint venture in which a minority- or woman-owned business has participation of not less than 25 percent. " (3) AUTHORITY TO ADJUST TECHNICAL AND COST PREFERENCE POINTS.—The Corporation may adjust the technical and cost preference points applicable in evaluating proposals to the extent necessary to ensure the maximum participation level possible for minority- or women-owned businesses. "(4) DEFINITIONS.—For purposes of this subsection. — "(A) MINORITY-OWNED BUSINESS. —The term 'minority- owned business' means a business— "(i) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and "(ii) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals. "(B) WOMEN-OWNED BUSINESS. —The term 'women's business' means a business— "(i) more than 50 percent of the ownership or control of which is held by 1 or more women; "(ii) more than 50 percent of the net profit or loss of which accrues to 1 or more women; and "(iii) a significant percentage of senior management positions of which are held by women.". SEC. 402. OPERATION OF BRANCH FACILITIES BY MINORITIES AND WOMEN. (a) ACQUISITION OF BRANCH FACILITIES FROM THE RTC. —Section 21A of the Federal Home Loan Bank Act (12 U.S.C. 1441a) is amended by inserting after subsection (t) (as added by section 301 of this title) the following new subsection: \ " (u) ACQUISITION OF BRANCH FACILITIES IN MINORITY NEIGHBOR- \ HOODS.— \ "(1) IN GENERAL. — In the case of any savings association for Y which the Corporation has been appointed conservator or re- V ceiver, the Corporation may make available any branch of such > association which is located in any predominantly minority neighborhood to any minority depository institution or women's depository institution on the following terms: "(A) The branch may be made available on a rent-free lease basis for not less than 5 years. "(B) Of all expenses incurred in maintaining the operation of the facilities in which such branch is located, the institution shall be liable only for the payment of applicable real property taxes, real property insurance, and utilities. "(C) The lease may provide an option to purchase the branch during the term of the lease. "(2) DEFINITIONS.—For purposes of this subsection— "(A) MINORITY DEPOSITORY INSTITUTION. —The term 'minority institution' means a depository institution (as defined in section 3(c) of the Federal Deposit Insurance Act)— "(i) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and

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