FEDERAL INTERMEDIATE CREDIT BANK ASSESSMENT POWER.

SEC. 305. FEDERAL INTERMEDIATE CREDIT BANK ASSESSMENT POWER. Section 2.5 (12 U.S.C. 2076) is amended— (1) in the title, by inserting “; Authority to Pass Along Cost of Insurance Premiums” before the period; (2) by inserting “(a)” before “The Federal”; and (3) by adding at the end thereof the following new subsection: “(b) Each Federal intermediate credit bank may assess each production credit association and other financing institution described in section 2.3(a)(2) in the district in which the bank is located to cover the costs of making premium payments under part E of title V. The assessment on any such association or other financing institution for any calendar year shall not exceed the sum of— “(1) the annual average principal outstanding for such year on loans made by the association, or on loans made by the other financing institution and discounted with the Federal intermediate credit bank, that are in accrual status, multiplied by 0.0015; and “(2) the annual average principal outstanding for such year on loans made by the association, or on loans made by the other financing institution and discounted with the Federal intermediate credit bank, that are in nonaccrual status, multiplied by 0.0025.”.