FEDERAL · 40 U.S.C. · Chapter 35
Forgiveness of outstanding advances
40 U.S.C. § 3505
Title40 — Public Buildings, Property, and Works
Chapter35 — NON-FEDERAL PUBLIC WORKS
This text of 40 U.S.C. § 3505 (Forgiveness of outstanding advances) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 U.S.C. § 3505.
Text
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.)
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Bluebook (online)
40 U.S.C. § 3505, Counsel Stack Legal Research, https://law.counselstack.com/usc/40/3505.