Page:United States Statutes at Large Volume 106 Part 5.djvu/484

 106 STAT. 4122 PUBLIC LAW 102-552—OCT. 28, 1992 subparagraph (G)(i) pursuant to approval in the referendum under subparagraph (F), shall be subject to change thereaiter m accordance with the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) and any applicable regulations). ''(II) The initial composition, if the proposal for the establishment of agricultural credit associations is approved, of the board of directors of each such agricultural credit association (which shall be subject to change thereafter in accordance with the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) and any applicable regulations). "(Ill) The valuation, for purposes of the proposed merger of the production credit association and the Federal land bank association in each of the geo^aphic areas specified in subparagraph (F)(iii), of the assets and liabilities of the associations. "(IV) The terms and conditions on which the shares of capital stock of any associations that may merge under the plan to form agricultural credit associations will be converted into shares of the resulting agricultural credit associations. " (V) The capital structure and capitalization levels of the resulting Farm Credit Bank and such affiliated associations of the Farm Credit Bank in the States of Alabama, Louisiana, and Mississippi as the arbitrator determines necessary to carry out the purposes of this paragraph (which capital structure and capitalization levels shall be subject to change thereafter in accordance with the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) and any applicable regulations). "(VI) The terms of financing agreements between any agricultural credit associations and the resulting Farm Credit Bank (which shall be subject to change thereafl^er in accordance with the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) and any applicable regulations). " (VII) Ally other terms and conditions or other matters that the arbitrator considers necessary, "(v) CONSULTATION WITH INSURANCE CORPORA- TION.—The arbitrator shall consult with the Farm Credit System Insurance Corporation regarding the valuation of the assets and liabilities under the plan of merger, the capitalization of the Farm Credit System institutions resulting under the plan, and any other matters relevant to the assistance to be provided by the Insurance Corporation to facilitate the merger under subparagraph (H). "(E) CERTIFICATION OF PLAN.— Not later than 30 days after the receipt of the plan developed by the arbitrator, the Farm Credit Administration shall— "(i) certify; or "(ii) recommend to the arbitrator revisions to the plan that, if incorporated into the plan, will allow the Farm Credit Administration to certify.

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