Page:United States Statutes at Large Volume 116 Part 1.djvu/376

 116 STAT. 350 PUBLIC LAW 107-171—MAY 13, 2002 SEC. 5402. BANKS FOR COOPERATIVES. Section 3.7(b) of the Farm Credit Act of 1971 (12 U.S.C. 2128(b)) is amended— (1) in paragraphs (1) and (2)(A)(i), by striking "farm suppHes" each place it appears and inserting "agricultural supplies"; and (2) by adding at the end the following: "(4) DEFINITION OF AGRICULTURAL SUPPLY. —In this subsection, the term 'agricultural supply' includes— "(A) a farm supply; and "(B)(i) agriculture-related processing equipment; "(ii) agriculture-related machinery; and "(iii) other capital goods related to the storage or handling of agricultural commodities or products.". SEC. 5403. INSURANCE CORPORATION PREMIUMS. (a) REDUCTION IN PREMIUMS FOR GSE-GUARANTEED LOANS. — (1) IN GENERAL.— Section 5.55 of the Farm Credit Act of 1971 (12 U.S.C. 2277a-4) is amended— (A) in subsection (a)— (i) in paragraph (1)— (I) in subparagraph (A), by striking "government-guaranteed loans provided for in subparagraph (C)" and inserting "loans provided for in subparagraphs (C) and (D)"; (II) in subparagraph (B), by striking "and" at the end; (III) in subparagraph (C), by striking the period at the end and inserting "; and"; and (IV) by adding at the end the following: "(D) the annual average principal outstanding for such year on the guaranteed portions of Government Sponsored Enterprise-guaranteed loans made by the bank that are in accrual status, multiplied by a factor, not to exceed 0.0015, determined by the Corporation at the sole discretion of the Corporation."; and (ii) by adding at the end the following: "(4) DEFINITION OF GOVERNMENT SPONSORED ENTERPRISE- GUARANTEED LOAN.— In this section and sections 1.12(b) and 5.56(a), the term 'Government Sponsored Enterprise-guaranteed loan' means a loan or credit, or portion of a loan or credit, that is guaranteed by an entity that is chartered by Congress to serve a public purpose and the debt obligations of which are not explicitly guaranteed by the United States, including the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Federal Home Loan Bank System, and the Federal Agricultural Mortgage Corporation, but not including any other institution of the Farm Credit System."; and (B) in subsection (e)(4)(B), by striking "governmentguaranteed loans described in subsection (a)(l)(C)" and inserting "loans described in subparagraph (C) or (D) of subsection (a)(1)". (2) CONFORMING AMENDMENTS. — (A) Section 1.12(b) of the Farm Credit Act of 1971 (12 U.S.C. 2020(b)) is amended—

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