Sec. 363. Bringing the National Credit Union Administration into the appropriations process
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Section 105 of the Federal Credit Union Act ( 12 U.S.C. 1755 ) is amended— by amending subsections
(a)and
(b)to read as follows: Each insured credit union shall pay to the Administration an annual fee. The Board shall determine the periods for which the fee referred to under subsection
(a)shall be assessed and the date for the payment of such fee or increments thereof. ; in subsection (c), by striking operating ; by amending subsection
(d)to read as follows: The Administration shall collect fees other than those fees referred to under subsection
(a)from each insured credit union, as provided under this Act, in an amount stated as a percentage of insured shares of each insured credit union (which percentage shall be the same for all insured credit unions). Such fees shall be designed to recover the costs to the Government of the annual appropriation to the Administration by Congress. Fees described under paragraph
(1)for any fiscal year— shall be deposited and credited as offsetting collections to the account providing appropriations to the Administration; and except as provided in paragraph (3), shall not be collected for any fiscal year except to the extent provided in advance in appropriation Acts. If on the first day of a fiscal year an appropriation to the Administration has not been enacted, the Administration shall continue to collect (as offsetting collections) the fees described under paragraph
(1)at the rate in effect during the preceding fiscal year, until 60 days after the date such an appropriation is enacted. This subsection shall not apply to the National Credit Union Share Insurance Fund, including assessments and other fees that are deposited into, and amounts paid from, the National Credit Union Share Insurance Fund. ; and by striking subsection (e). The Federal Credit Union Act ( 12 U.S.C. 1751 et seq.) is amended— in section 120(j), by striking paragraph (3); by amending section 128 to read as follows: Notwithstanding any other provision of law, amounts received pursuant to any assessments or other fees that are deposited into the National Credit Union Share Insurance Fund or the Temporary Corporate Credit Union Stabilization Fund shall not be subject to apportionment for the purposes of chapter 15 of title 31, United States Code, or under any other authority. ; and in section 203(a), by striking and for such administrative and other expenses incurred in carrying out the purposes of this title . The amendments made by this section shall apply with respect to expenses paid and fees collected on or after the date that is 90 days after the date of the enactment of the first appropriation Act that provides for appropriations to the National Credit Union Administration and that is enacted after the date of the enactment of this Act.
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Sec. 363
Bringing the National Credit Union Administration into the appropriations process
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