Authorization of appropriations for General and Special Risk Insurance Funds

12 U.S.C. § 1735f–20

• Title: 12 — Banks and Banking
• Chapter: 13 — NATIONAL HOUSING
• Subchapter: V
• Current through: Pub. L. 119-99

Text

There are authorized to be appropriated such sums as may be necessary for each of fiscal years 1994 and 1995, to be allocated in any manner that the Secretary determines appropriate, for the following costs incurred in conjunction with programs authorized under the General Insurance Fund, as provided by section 1735c of this title, and the Special Risk Insurance Fund, as provided by section 1715z–3 of this title:
(1) The cost to the Government, as defined in section 661a 1 of title 2, of new insurance commitments.
(2) The cost to the Government, as defined in section 661a 1 of title 2, of modifications to existing loans, loan guarantees, or insurance commitments.
(3) The cost to the Government, as defined in section 661a 1 of title 2, of loans provided under section 1701z–11(f) of this title.
(4) The costs of the rehabilitation of multifamily housing projects (as defined in section 1701z–11(b) of this title) upon disposition by the Secretary.

History

(June 27, 1934, ch. 847, title V, §542, as added Pub. L. 103–233, title I, §105(c), Apr. 11, 1994, 108 Stat. 363.)

Editorial Notes

Editorial Notes

References in Text
Section 661a of title 2, referred to in pars. (1) to (3), was in the original "section 502 of the Congressional Budget Act", which was translated as meaning "section 502 of the Congressional Budget Act of 1974" to reflect the probable intent of Congress.