Page:United States Statutes at Large Volume 106 Part 5.djvu/468

 106 STAT. 4106 PUBLIC LAW 102-552—OCT. 28, 1992 (b) CONFORMING AMENDMENTS. —Section 5.35(4) (12 U.S.C. 2271(4)) is amended— (1) by striking ''and" at the end of subparagraph (A); (2) by striking the period at the ena of subparagraph (B) and inserting "; and"; and (3) by adding at the end the following new subparagraph: "(C) after December 31, 1992, mean any significant noncompliance by a System institution (as determined by the Farm Credit Administration, in consultation with the Farm Credit System Insurance Corporation) with any term I: or condition imposed on the institution by the Farm Credit System Assistance Board under section 6.6 or by the Farm Credit System Insurance Corporation under section 5.61.". SEC. 203. USE OF FARM CREDIT ADMINISTRATION PERSONNEL. Section 5.59(a) (12 U.S.C. 2277a-8(a)) is amended by adding at the end the following new paragraph: "(5) USE OF FARM CREDIT ADMINISTRATION PERSONNEL. — To the extent practicable, the Corporation shall use the personnel and resources of the Farm Credit Administration to minimize duplication of effort and to reduce costs.". 12 USC 2277a-4 SEC. 204. GAO REPORTS ON RISK-BASED INSURANCE PREMIUMS, note. ACCESS TO ASSOCIATION CAPITAL, SUPPLEMENTAL PRE- MIUMS, AND CONSOLIDATION. (a) IN GENERAL. — The Comptroller CJeneral of the United States shall investigate, review, and evaluate the feasibility and appropriateness, and report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate, on the advantages and disadvantages of providing the Farm Credit System Insurance Corporation with— (1) the authority to directly or indirectly assess associations to ensure that all System capital is available to prevent losses to investors, including a study of— (A) the effects of direct assessments by the Insurance Corporation on associations, including interest rate charges to borrowers; (B) the effects of requiring that banks pass along the cost of insurance premiums to owner associations and other financing institutions having a discount relationship with the bank; (C) the effects of requiring owner associations to purchase stock in the district bank, if needed, to prevent a bank from having to retiun to the Insurance Corporation for financial assistance once the assistance has been given; (D) the effects of the purchase of stock from funds of the association (through nmds obtained from other than the district bank) or allowing the bank to increase the direct line of credit to the association in order to fund the purchase; and (E) the effect that authorizing the Insurance Corporation to assess the association could have on the association's incentives for building capital; (2) the authority to collect supplemental insurance premiums under certain circimistances, including a study of—

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