Page:United States Statutes at Large Volume 105 Part 1.djvu/91

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PUBLIC LAW 102-18—MAR. 23, 1991 105 STAT. 63 sale in connection with a transfer of all or substantially all of the assets of a closed savings association (including such property) to an insured depository institution.". SEC. 202. AMENDMENTS RELATING TO SALE PROCEDURES. Section 21A(c)(6)(A)(i) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(6)(A)(i)) is amended to read as follows: "(i) SALE PRICE.— The Corporation may sell eligible single family property to qualifying households, nonprofit organizations, and public agencies without regard to any minimum purchase price.". SEC. 203. SCOPE OF APPLICATION. 12 USC 1441a The amendments made by sections 201 and 202 of this Act to section 21A of the Federal Home Loan Bank Act shall be effective only during the period beginning on the date of the enactment of this Act and ending at the end of fiscal year 1991, and section 21A shall apply after the end of such period as if such amendments had not been made. TITLE III—RTC MANAGEMENT REFORMS SEC. 301. MANAGEMENT ENHANCEMENT GOALS. Section 21A of the Federal Home Loan Bank Act (12 U.S.C. 1441a) is amended by adding at the end the following new subsection: " (r) MANAGEMENT ENHANCEMENT GOALS. — "(1) ACTION TO ACHIEVE SPECIFIC GOALS.— The Corporation, upon the enactment of this subsection, shall take action to assure achievement of the management goals specified in this paragraph, as follows: "(A) MANAGING CONSERVATORSHIPS. —The Corporation shall standardize procedures with respect to its (i) auditing of conservatorships, (ii) ensuring and monitoring of compliance with Corporation policies and procedures by conservatorship managing agents, and (iii) ensuring and monitoring of conservatorship managing agent performance. These procedures shall be developed and implemented not later than September 30, 1991. "(B) PACE OF RESOLUTIONS.— The Corporation shall take all reasonable and necessary steps to reduce the length of time institutions remain in conservatorship, with the goal that no institution shall be in conservatorship for more than 9 months. "(C) INFORMATION RESOURCES MANAGEMENT PROGRAM. — The Corporation shall develop and incorporate within its strategic plan for information resources management, (i) a translation of program goals into the communication and computer hardware and software, and staff needed to accomplish such goals, (ii) a systems architecture to ensure that all systems will work together, and (iii) an identification of Corporation information and systems needs at all operational levels. "(D) SECURITIES PORTFOLIO MANAGEMENT SYSTEM. —The Corporation shall develop within its information architecture framework, a centralized system for the management