NON-VOTING REPRESENTATIVE ON BOARD OF FUNDING CORPORATION.

SEC. 507. NON-VOTING REPRESENTATIVE ON BOARD OF FUNDING CORPORATION.Paragraph (2) of section 4.9(d) (12 U.S.C. 2160(d)(2)) is amended to read as follows: “(2) Non-voting representatives.— “(A) Assistance board.—During the period in which the Assistance Board is in existence, the board of directors of the Assistance Board shall designate one of its directors to serve as a non-voting representative to the board of directors of the Corporation. “(B) Meetings.—The person designated by the Assistance Board under subparagraph (A) may attend and participate in all deliberations of the board of directors of the Corporation. “(C) Termination of assistance board.—After termination of the Assistance Board, neither the Assistance Board nor its successor, the Farm Credit System Insurance Corporation, shall have any representation on the board of directors of the Corporation.”.