PROPERTY ACQUISITION FLEXIBILITY.

SEC. 707. PROPERTY ACQUISITION FLEXIBILITY. Section 120(i)(2) of the Federal Credit Union Act (12 U.S.C. 1766(i)(2)) is amended— (1) by inserting after “reimbursement,” the following: “acquire and dispose of, by lease or purchase, real or personal property, without regard to the provisions of any other law applicable to executive or independent agencies of the United States,”; and (2) by inserting after “this Act” the following: “, in accordance with the rules and regulations or policies established by the Board not inconsistent with this Act”.