TAX EXEMPTION FOR RESOLUTION TRUST CORPORATION AND RESOLUTION FUNDING CORPORATION.

SEC. 1402. TAX EXEMPTION FOR RESOLUTION TRUST CORPORATION AND RESOLUTION FUNDING CORPORATION. (a) General Rule.—Subsection (1) of section 501 of the Internal Revenue Code of 1986 (relating to government corporations exempt under subsection (c)(1)) is amended to read as follows: “(l) Government Corporations Exempt Under Subsection (c)(1).—For purposes of subsection (c)(1), the following organizations are described in this subsection: “(1) The Central Liquidity Facility established under title HI of the Federal Credit Union Act (12 U.S.C. 1795 et seq.). 103 STAT. 551 “(2) The Resolution Trust Corporation established under section 21A of the Federal Home Loan Bank Act. “(3) The Resolution Funding Corporation established under section 21B of the Federal Home Loan Bank Act.” (b) Effective Date.—The amendment made by subsection (a) shall take effect on the date of the enactment of this Act.