Page:United States Statutes at Large Volume 106 Part 5.djvu/487

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PUBLIC LAW 102-552—OCT. 28, 1992 106 STAT. 4125 preferred to have credit delivered through an agricultiiral credit association (provided that the charter of any remaining association in such geographic area 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). "(H) FACILITATION.— "(i) IN GENERAL.— Beginning on the date of the issuance of an order by the Farm Credit Administration under paragraph (I)(D), the Farm Credit System Insurance Corporation shall expend amounts from the Farm Credit Insurance Fiuid to the extent necessary to facilitate the merger prescribed in the plan. "(ii) MAINTENANCE OP BOOK VALUE. — Assistance provided by the Corporation under this subparagraph shall be in amounts not to exceed that required to maintain book value per share of stockholders' eauity at the same value reflected on the most recent audited financial statements of the Federal Intermediate Credit Bank of Jackson and the Farm Credit Bank of Texas prior to or effective with the date of the merger. "(iii) OTHER ASSISTANCE. —Until the expiration of 5 years from the effective date of a merger authorized by this subsection, or the final resolution of any litigation against the Federal Intermediate Credit Bank of Jackson or any of its stockholders pending on the date of the enactment of this subsection, whichever is later, the Corporation shall guarantee prompt payment of any loss experienced by the merged bank, which loss is caused by the failure of any association-stockholder of the merged bank that was a stockholder of the Federal Intermediate Credit Bank of Jackson immediately prior to the merger, or any successor to the association, to pay when due any obligation of principal or interest owed by the association or its successor to the resulting bank. "(iv) TERMS AND CONDITIONS. — Assistance provided by the Corporation under this subparagraph shall be on such teims and conditions as the Corporation deems appropriate to facilitate the merger. " (I) SAFETY AND SOUNDNESS.— " (i) IN GENERAL.—Except as provided in clause (ii), if at any time prior to the completion of the merger required under this subsection the Farm Credit Administration determines that the Federal Intermediate Credit Bank of Jackson is being operated in an unsafe or unsoimd manner (as determined in accordance with the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.)), the Farm Credit Administration, after consultation with the respective boards of directors of the affected banks and taking into consideration the purposes of this subsection, may require the Federal Intermediate Credit Bank of Jackson to merge with a Farm Credit Bank, subject to such terms and conditions as the Farm Credit Administration may prescribe. The Farm Credit System Insurance Corporation shall expend amounts in the Farm Credit Insurance