PUBLIC LAW 101-73 —AUG. 9, 1989 103 STAT. 211 that the Bank Insurance Fund reserve ratio is expected to exceed the designated reserve ratio in the succeeding year, the Board of Directors shall prescribe an assessment credit to Bank Insurance Fund members in such succeeding cal- endar year equal to the lesser of^ "(i) the amount necessary to reduce the Bank Insur- c ance Fund reserve ratio to the designated reserve ratio; or "(ii) 100 percent of the net assessment income to be received from Bank Insurance Fund members in such succeeding year. " (3) ASSESSMENT CREDIT FOR INSURED SAVINGS ASSOCIATIONS. — "(A) CREDIT BARRED. —The Board of Directors shall not prescribe an assessment credit to Savings Association Insurance Fund members if the Board of Directors deter- mines that the Savings Association Insurance Fund reserve ratio is expected to be equal to or less than the designated reserve ratio in the coming year after taking into consider- ation such Fund's expected expenses and income. "(B) CREDIT AUTHORIZED.— If the Board of Directors deter- mines, after taking into consideration the Savings Associa- tion Insurance Fund's expected expenses and income, that the Savings Association Insurance Fund reserve ratio is expected to exceed the designated reserve ratio in the succeeding year, the Board of Directors shall prescribe an assessment credit to Savings Association Insurance Fund members in such succeeding calendar year equal to the lesser of^ "(i) the amount necessary to reduce the Savings Association Insurance Fund reserve ratio to the des- ignated reserve ratio; or "(ii) 100 percent of the net assessment income to be received from Savings Association Insurance Fund members in such succeeding year. "(4) NET ASSESSMENT INCOME DEFINED.— For purposes of this subsection— "(A) IN GENERAL.—The term 'net assessment income' means— "(i) with respect to the Bank Insurance Fund, the Bank Insurance Fund net assessment income (as de- fined in subparagraph (B)); and "(ii) with respect to the Savings Association Insur- ance Fund, the Savings Association Insurance Fund net assessment income (as defined in subparagraph (C)). " (B) BANK INSURANCE FUND NET ASSESSMENT INCOME. — "(i) IN GENERAL.—The term 'Bank Insurance Fund net assessment income' means— "(I) the total assessments which become due during the calendar year with respect to members of such Fund, minus "(II) the sum of the amount of the operating costs and expenses described in clause (ii) and the amount by which the Bank Insurance Fund's insurance costs described in clause (iii) exceed its investment income for the calendar year, "(ii) OPERATING COST AND EXPENSES. —For the pur- poses of this subparagraph, the operating costs and
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