Page:United States Statutes at Large Volume 105 Part 1.djvu/317

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PUBLIC LAW 102-54—JUNE 13, 1991 105 STAT. 289 (A) by striking out "approved" in the first sentence and inserting in lieu thereof "appraised"; and (B) by striking out "approval)" in the second and inserting in lieu thereof "appraisal)". (2) Section 1825(c) is amended— (A) in paragraph (2), by striking out "There" and inserting in lieu thereof "Except as provided in paragraph (3) of this subsection, there"; and (B) by adding at the end the following new paragraph: "(3) In the case of a loan described in clause (C) of section 1829(a)(2) of this title, there shall be credited to the Guaranty and Indemnity Fund, in lieu of any amount that would otherwise be credited for such a loan under subparagraph (A) or (B) of paragraph (2) of this subsection— "(A) for each loan closed during fiscal year 1990, an amount equal to 0.25 percent of the original amount of the loan for each of the fiscal years 1991 and 1992; "(B) for each loan closed after fiscal year 1990, an amount equal to 0.25 percent of the original amount of the loan for the fiscal year in which the loan is closed and for the following fiscal year.". (3) Section 1829(a) is amended by striking out paragraphs (3) and (4) and redesignating paragraph (5) as paragraph (3). (4) Section 1829(c)(2) is amended by striking out "section 1825(c)(2)(A) or (B) of this title and subsection (a)(3) of this section" and inserting in lieu thereof "clause (A) or (B) of paragraph (2) of section 1825(c) of this title or paragraph (3) of that section". (5) Section 1833 is amended by striking out the subsection (e) that was added by section 5003(a) of Public Law 101-239. - (b) RATIFICATION. —(1) Any action of the Secretary of Veterans 38 USC 1825 Affairs or the Secretary of the Treeisury— ^°^- (A) that was taken during the period beginning on October 1, 1990, and ending on the date of the enactment of this Act; and (B) that would have been an action carried out under section 1825(c)(3) of title 38, United States Code, if the amendment made by paragraph (2) of subsection (a) of this section had been made before October 1, 1990, is hereby ratified. (2) Any failure to act by the Secretary of Veterans Affairs or the Secretary of the Treasury during such period under section 1829(a)(3) of such title is hereby ratified. Approved June 13, 1991. LEGISLATIVE fflSTORY—H.R. 232: CONGRESSIONAL RECORD, Vol. 137 (1991): Feb. 6, considered and passed House. May 16, considered and passed Senate, amended. May 22, House concurred in Senate amendments.