Pub. L. 100-86, tit. V, sec. 505

FEDERAL DEPOSITORY INSTITUTIONS REGULATORY AGENCIES NOT SUBJECT TO APPORTIONMENT OF FUNDS PROVISIONS.

EnactedYear: 1987Length: 388 wordsOfficial source
SEC. 505. FEDERAL DEPOSITORY INSTITUTIONS REGULATORY AGENCIES NOT SUBJECT TO APPORTIONMENT OF FUNDS PROVISIONS. (a) Federal Deposit Insurance Corporation.— Section 7(b) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)) is amended by adding at the end thereof the following: “(9) Apportionment.— Notwithstanding any other provision of law, amounts received pursuant to any assessment under this section and any other amounts received by the Corporation shall not be subject to apportionment for the purpose of chapter 15 of title 31, United States Code, or under any other authority.”. (b) The Comptroller of the Currency.— The second paragraph of section 5240 of the Revised Statutes (12 U.S.C. 481) is amended by inserting after the fifth sentence the following: “Such funds shall not be subject to apportionment for the purpose of chapter 15 of title 31, United States Code, or under any other authority.”. (c) The Federal Savings and Loan Insurance Corporation.— Section 404 of the National Housing Act (12 U.S.C. 1727) is amended by adding at the end thereof the following: “(k) Apportionment.— Notwithstanding any other provision of law, amounts received by the Corporation pursuant to any assessment under this Act, deposits required under this section and any other moneys received by the Corporation shall not be subject to apportionment for the purpose of chapter 15 of title 31, United States Code, or under any other authority.”. (d) The Federal Home Loan Bank Board.— The Federal Home Loan Bank Act (12 U.S.C. 1421 et seq.) is amended by inserting after section 19 (12 U.S.C. 1439) the following: “SEC. 12A. APPORTIONMENT. “Notwithstanding any other provision of law, amounts received pursuant to any assessment under this Act and any other moneys received by the Board shall not be subject to apportionment for the purpose of chapter 15 of title 31, United States Code, or under any other authority.”. (e) The National Credit Union Administration.— Title I of the Federal Credit Union Act (12 U.S.C. 1751 et seq.) is amended by adding at the end thereof the following: “SEC. 128. APPORTIONMENT. “Notwithstanding any other provision of law, funds received by the Board pursuant to any method provided by this Act, and in-101 STAT. 634terest, dividend, or other income thereon, shall not be subject to apportionment for the purpose of chapter 15 of title 31, United States Code, or under any other authority.”.
Pub. L. 100-86, tit. V, sec. 505: FEDERAL DEPOSITORY INSTITUTIONS REGULATORY AGENCIES NOT SUBJECT TO APPORTIONMENT OF FUNDS PROVISIONS. | Justis AI