Page:United States Statutes at Large Volume 107 Part 3.djvu/441

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PUBLIC LAW 103-204—DEC. 17, 1993 107 STAT. 2379 (A) REPORT REQUIRED. —The Comptroller General of the United States shall submit an annual report to the Congress on transfers of performing assets by the Corporation, categorized by institution, to any acquirer during the year covered by the report. (B) CONTENTS. — Each report submitted under subparagraph (A) shall contain— (i) the number and a description of asset transfers during the year covered by the report; (ii) the number of assets provided in connection with each transaction during such year; and (iii) a report of an audit by the Comptroller General of the determination of the Corporation of the fair market value of transferred assets at the time of transfer. (d) UTIUZATION OF SERVICES. —Section ll(d)(2)(K) of the Federal Deposit Insurance Act (12 U.S.C. 1821(d)(2)(K)) is amended— (1) by inserting "legal," after "auction marketing,"; (2) by striking "iT and inserting "only iF; and (3) by striking "practicable" and inserting "the most practicable". (e) RTC NOTICE TO GSA— 12 USC i44ia (1) IN GENERAL.—Within a reasonable period of time after ^°^^- acquiring an undivided or controlling interest in any commercial office property in its capacity as conservator or receiver, the Corporation shall notify the Administrator of General Services of such acquisition. (2) CONTENTS OF NOTICE.—The notice required under paragraph (1) shall contain basic information about the property, mcluding— (A) the location and condition of the property; (B) information relating to the estimated fair market value of the property; and (C) the Corporation's schedule, or estimate of the schedule, for marketing and disposing of the property. (3) COMPETITIVE BIDDING.— The Administrator of General Services, in compliance with reg^ations of the Resolution Trust Corporation, may bid on property described in the notice required under paragraph (1) that is otherwise subject to competitive bidding. SEC. 4. EXTENSION OF STATUTE OF LIMITATIONS. (a) IN GENERAL. — Section 21A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)) is amended by adding at the end the following new paragraph: "(14) EXTENSION OF STATUTE OF LIMITATIONS.— "(A) TORT ACTIONS FOR WHICH THE PRIOR LIMITATION HAS RUN. — "(i) IN GENERAL. —In the case of any tort claim— "(I) which is described in clause (ii); and " (II) for which the applicable statute of limitations under section ll(a)(14XAXii) of the Federal Deposit Insurtuice Act has expired before the date of enactment of the Resolution Trust Corporation Completion Act; the statute of limitations which shall apply to an action brought on such claim by the Corporation in the Cor-