Home/U.S. Code/Title 40/Ch. 35/§ 3505
FEDERAL · 40 U.S.C. · Chapter 35

Forgiveness of outstanding advances

Current through Pub. L. 119-102
Title 40 — Public Buildings, Property, and Works·Ch. 35 — NON-FEDERAL PUBLIC WORKS
In accordance with accounting and other procedures the Secretary of Housing and Urban Development prescribes, each advance made by the Secretary under this chapter that had any principal amount outstanding on February 5, 1988, was forgiven. The terms and conditions of any contract, or any amendment to a contract, for that advance with respect to any promise to repay the advance were canceled.

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History

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1168.)