Page:United States Statutes at Large Volume 105 Part 1.djvu/86

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105 STAT. 58 PUBLIC LAW 102-18—MAR. 23, 1991 Public Law 102-18 102d Congress An Act Mar. 23, 1991 To amend the Federal Home Loan Bank Act to enable the Resolution Trust Corpora- [S. 419] tion to meet its obligations to depositors and others by the least expensive means. Be it enacted by the Senate and House of Representatives of the Resolution Trust United States of America in Congress assembled. Corporation Funding Act of SECTION 1. SHORT TITLE. 1991. Banks and This Act may be cited as the "Resolution Trust Corporation banking. Funding Act of 1991". 12 USC 1421 "*" TITLE I—RTC RESOLUTION PROCESS AND FUNDING SEC. 101. THRIFT RESOLUTION FUNDING. Section 21A(i) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(i)) is amended— (1) by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively, and moving the left margin of such subparagraphs (as so redesignated) 2 ems to the right; (2) in the heading, by striking "BORROWING" and inserting " FUNDING"; (3) by inserting after such heading the following new paragraph designation and heading: " (1) BORROWING.— "; and (4) by adding at the end the following new paragraph: "(2) INTERIM FUNDING.—The Secretary of the Treasury shall provide the sum of $30,000,000,000 to the Corporation to carry out the purposes of this section,". SEC. 102. REPORTS. (a) IN GENERAL.— Section 21A(k) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(k)) is amended— (1) in paragraph (I)(A)— (A) by striking "The" and inserting "Notwithstanding section 9105 of title 31, United States Code, the"; and (B) by striking everything after "standards" the first place it appears and inserting ". The audited statements shall be transmitted to the Congress by the Oversight Board not later than 180 days after the end of the Corporation's fiscal year to which those statements apply."; (2) in paragraph (1)(B), by striking ", or by an independent certified public accountant retained to audit the Corporation's financial statement,"; and (3) by adding at the end the following: " (8) OPERATING PLANS. —