Resolution Trust Corporation Asset Disposition Act

Summary

Resolution Trust Corporation Asset Disposition Act - Amends the Federal Home Loan Bank Act to direct the Resolution Trust Corporation (RTC) to designate in its inventory of real property assets any properties identified by the Secretary of the Interior as having special natural cultural, scientific, or recreational significance. Requires the Secretary to review such inventory and list the properties so designated in the Federal Register. Restricts the Corporation's power to dispose of properties so designated. Prescribes guidelines under which the RTC may transfer such designated properties to qualified land stewards (i.e., certain governmental or nonprofit organizations) for long-term preservation or use consistent with their special significance.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

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• Introduced in Senate

  summary · EN · 6 February 1991

  Open at official source

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