To amend section 21A of the Federal Home Loan Bank Act to establish additional procedures and requirements relating to the identification and disposition of environmentally sensitive land and other property with natural, cultural, recreational, or scientific values of special significance by the Resolution Trust Corporation.
Resolution Trust Corporation Asset Disposition Act - Amends the Federal Home Loan Bank Act to require the Resolution Trust Corporation (RTC) to designate in its real estate asset inventory all properties identified by the Secretary of the Interior as having natural, cultural, recreational, or scientific values of special significance. Requires the Secretary to make such identifications and to review such RTC inventory. Requires RTC updates of such inventory and prohibits disposition of such property for a specified period.
Provides that upon expression of serious interest in such property by a qualified land steward (any governmental entity or private nonprofit organization) the RTC is precluded from disposing of it to any other person. Prescribes guidelines for such property transfers to qualified land stewards.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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