Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Paragraph (q) of section 67 of chapter 171 of the General Laws, as appearing in the 1990 Official Edition, is hereby amended by striking out the last sentence and inserting in place thereof the following sentence:- The limitations imposed by clause (i) of this paragraph shall not apply to an aggregate investment of not in excess of one hundred thousand dollars in certificates of deposit of a banking corporation, the deposits of which banking corporation are insured by the Federal Deposit Insurance Corporation.
SECTION 2. Section 75 of said chapter 171, as so appearing, is hereby amended by inserting after the third paragraph the following paragraph:-
A credit union, with the approval of the commissioner, may expend for any one parcel of real estate, improved with a dwelling designed to be occupied by not more than four families and to which it has acquired title by exercise of a power of sale contained in a mortgage held by it on said real estate and foreclosure thereof, such sums as determined by the directors for repairs thereto for the purpose of the sale of said real estate.