Page:United States Statutes at Large Volume 107 Part 3.djvu/431

This page needs to be proofread.


PUBLIC LAW 103-204—DEC. 17, 1993 107 STAT. 2369 Public Law 103-204 103d Congress An Act To provide for the remaining funds needed to assure that the United States fulfills its obligation for the prot(»ction of depositors at savings and loan institutions, to improve the management of the Resolution Trust Corporation CUTC") in order ^^.„,QQO to assure the taxpayers the fairest and most efficient disposition of savings ' ' and loan assets, to provide for a comprehensive transition plan to assure an t^- •^i orderly transfer of RTC resources to the Federal Deposit Insurance Corporation, to abolish the RTC, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. Resolution Trust Corporation SECTION 1. SHORT TITLE; TABLE OF CONTENTS. Completion Act. (a) SHORT TITLE. —Th is Act may be cited as the Resolution banking"^ Trust Corporation Completion Act". 12 USC 1421 (b) TABLE OP CONTENTS. — The table of contents for this Act note. is as follows: Sec. 1. Short title; table of contents. Sec. 2. Final funding for RT<3. Sec. 3. RTC management reforms. Sec. 4. Extension of statute of limitations. Sec. 5. Limitation on bonuses and compensation paid by the RTC and the Thrift Depositor Protection Oversight Board. Sec. 6. FDIC—RTC transition task force. Sec. 7. Amendments relating to the termination of the RTC. Sec. 8. SAIF funding authorization amendments. Sec. 9. Moratorium extension. Sec. 10. Repayment schedule for permanent FDIC borrowing authority. Sec. 11. Deposit insurance funds. Sec. 12. Maximum dollar limits for eligible condominium and single family properties under RTC! affordable housing program. Sec. 13. Changes affecting only FDIC affordable housing program. Sec. 14. Changes affecting bothi RTC and FDIC affordable housing programs. Sec. 15. Right of first refuisal for tenants to purchase single family property. Sec. 16. Preference for sales of real property for use for homeless families. Sec. 17. Preferences for sales of commercial properties to public agencies and non- Krofit organizations for use in carrying out programs for affordable ousing. Sec. 18. Federal home loan Ibanks housing opportunity hotline program. Sec. 19. Conflict of interest provisions applicable to the FDIC. Sec. 20. Restrictions on sales of assets to certain persons. Sec. 21. Whistle blower protection. Sec. 22. FDIC asset disposition division. Sec. 23. Presidentially appointed inspector general for FDIC. Sec. 24. Deputy chief executive officer. Sec. 25. Due process protections relating to attachment of assets. Sec. 26. GAO studies regarding Federal real property disposition. Sec. 27. Extension of RTC power to be appointed as conservator or receiver. Sec. 28. Final report on RTC and SAIF funding. Sec. 29. General Counsel of the Resolution Trust Corporation. Sec. 30. Authority to execute contracts. Sec. 31. RTC cont racting.