Page:United States Statutes at Large Volume 107 Part 3.djvu/446

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107 STAT. 2384 PUBLIC LAW 103-204—DEC. 17, 1993 (12 U.S.C. 1441a(m)) is amended by adding at the end the following new paragraph: " (3) TRANSFER OF PERSONNEL AND SYSTEMS.— In connection with the assumption by the Federal Deposit Insurance Corporation of conservatorship and receivership functions with respect to institutions described in subsection (b)(3)(A) and the termination of the Corporation pursuant to paragraph (1)— "(A) any management, resolution, or asset-disposition system of the Corporation which the Secretary of the Treasury determines, after considering the recommendations of the interagency transition task force under section 6(c) of the Resolution Trust Corporation Completion Act, has been of benefit to the operations of the Corporation (including any personal property of the Corporation which is used in operating any such system) shall, notwithstanding paragraph (2), be transferred to and iised by the Federal Deposit Insurance Corporation in a manner which preserves the integrity of the system for so long as such system is efficient ,f,; and cost-effective; and "(B) any personnel of the Corporation involved with any such system who are otherwise eligible to be transferred to the Federal Deposit Insurance Corporation shall be transferred to the Federal Deposit Insurance Corporation for continued employment, subject to section 404(9) I of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and other applicable provisions of this section, with respect to such system.", (b) AMENDMENT RELATING TO DATE OF TERMINATION. —Section 21A(m)(l) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(m)(l)) is amended by striking "December 31, 1996" and inserting "December 31, 1995". SEC. 8. SAIF FUNDING AUTHORIZATION AMENDMENTS. (a) AMENDMENT TO SAIF FUNDING PROVISION. — Section ll(a)(6)(D) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(6)(D)) is amended to read as follows: "(D) TREASURY PAYMENTS TO FUND. —TO the extent of the availability of amounts provided in appropriation Acts and subject to subparagraphs (E) and (G), the Secretary

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of the Treasury shall pay to the Savings Association Insurance Fund such amounts as may be needed to pay losses incurred by the Fund in fiscal years 1994 through 1998.". (b) CERTIFICATION OF NEED FOR FUNDS AND OTHER CONDITIONS ON SAIF FUNDING. — Section ll(a)(6)(E) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(6)(E)) is amended to read as follows: "(E) CERTIFICATION CONDITIONS ON AVAILABILITY OF FUNDING.— No amount appropriated for payments by the Secretary of the Treasury in accordance with subparagraph (D) for any fiscal year may be expended unless the Chairperson of the Board of Directors certifies to the Congress, at any time before the beginning of or during such fiscal year, that— "(i) such amount is needed to pay for losses which have been incurred or can reasonably be expected to be incurred by the Savings Association Insurance Fund;