An amendment requiring the merger of the Jackson, Mississippi Federal Intermediate Credit Bank with another Farm Credit System institution within one year of enactment of the bill.

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Amendment Number
857
Description
An amendment requiring the merger of the Jackson, Mississippi Federal Intermediate Credit Bank with another Farm Credit System institution within one year of enactment of the bill.
Purpose
Amendment requires the Jackson, Mississippi Federal Intermediate Credit Bank to merge with another Farm Credit System institution within one year of enactment of the bill. \ As amended by the de la Garza substitute amendment (A003), the Farm Credit Administration is required to conduct a referendum of the farmer-borrowers of the bank that allows them the option to seek a merger partner and negotiate a merger plan or proceed with an arbitrated merger with the Farm Credit Bank of Texas.
Congress
102
Type
HAMDT
Latest Action Date
Sep 23, 1992
Latest Action Text
On agreeing to the Espy amendment (A002) as amended Agreed to by voice vote.
Latest Action Time
14:17:22
Submitted Date
Sep 23, 1992
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 857 — Informed