Page:United States Statutes at Large Volume 106 Part 5.djvu/490

From Wikisource
Jump to: navigation, search
This page needs to be proofread.

106 STAT. 4128 PUBLIC LAW 102-552—OCT. 28, 1992 Intermediate Credit Bank of Jackson and the Farm Credit Bank of Texas. "(ii) PROCEDURES.— Notwithstanding the United States Arbitration Act (9 U.S.C. 1 et seq.), any petition for review of a determination or other action of the arbitrator under this subsection shall be filed not later than 10 days after the determination, or the petition shall be barred. The court specified under sudi Act shall have exclusive jurisdiction to determine the proceeding in accordance with the applicable procedtures under such Act, as supplemented by procedures hereinafter provided, and no other district court shall have jurisdiction over any such challenge in any such I)roceeding. Notwithstanding any other provision of aw, the court may set rules governing the procedures of any such proceeding that set page limits on briefs and time limits for filing briefs and motions and other actions that are shorter than the limits specified in the United States Arbitration Act or the Federal Rules of Civil or Appellate Procedure. "(iii) EXPEDITED REVIEW. —Any such proceeding before the court shall be assigned for hearing and completed at the earliest possible date, and shall be expedited in every way. The court shall render its final decision relative to any challenge as soon as possible in accordance with the United States Arbitration Act (9 U.S.C. 1 et sea.), or not later than 30 days from the date the challenge is brought, whichever is sooner, luiless the court determines that a longer period of time is required to satisfy the requirements of the Constitution.". 12 USC 2011 (b) LONG-TERM LENDING AUTHORITY OF THE FARM CREDIT BANK OF TEXAS WITH RESPECT TO THE STATES OF ALABAMA, LOUISIANA, AND MISSISSIPPI.— (1) IN GENERAL.— Notwithstanding any other provision of law, the Farm Credit Bank of Texas may act in accordance with the exclusive charter of the bank, as amended by the Farm Credit Administration on February 7, 1989, and effective February 9, 1989 (except to the extent that the charter may be further amended by the Farm Credit Administration in accordance with its general authorities under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.), subject to such limitations on the issuance of competitive cnarters as may be provided in section 5.17 of such Act (12 U.S.C. 2252)). (2) EFFECTIVE DATE. —Paragraph (1) shall take effect as if such paragraph had become law on February 7, 1989. (c) DENIAL OF COMPETITIVE CHARTERS.—Section 5.17(a)(2) (12 U.S.C. 2252(a)(2)) is amended— (1) by inserting "(A)" afl»r "(2)"; and (2) by adding at the end the following new subparagraphs: "(B) The Farm Credit Administration shall not issue a charter to, or approve an amendment to the charter of, any institution of the Farm Credit System to operate under title I or II that would authorize the institution to exercise lending autiiority, whether directly or indirectly as an agent of a Farm Credit Bank, in a territory in which the charter of another such institution authorizes the other institution to exercise note.