Title 12 — Banks and BankingRelease 119-73
§1701g–5a Transfer of New Communities Fund assets and liabilities
Title 12 › Chapter CHAPTER 13— - NATIONAL HOUSING › § 1701g–5a
Summary
The Secretary must move all assets and debts of the HUD 1970 fund into the 1955 Revolving (liquidating) Fund.
Full Legal Text
Title 12, §1701g–5a
Banks and Banking — Source: USLM XML via OLRC
The Secretary shall transfer all assets and liabilities of the fund established pursuant to section 717 of the Housing and Urban Development Act of 1970, as amended (42 U.S.C. 4518), to the Revolving fund (liquidating programs) established pursuant to title II of the Independent Offices Appropriation Act, 1955, as amended (12 U.S.C. 1701g–5).
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 717 of the Housing and Urban Development Act of 1970, as amended (42 U.S.C. 4518), referred to in text, was repealed by Pub. L. 98–181, title I [title IV, § 474(e)], Nov. 30, 1983, 97 Stat. 1239, but remaining in effect until completion of the transfer required in title I of the Department of Housing and Urban Development-Independent Agencies Appropriation Act, 1984. The Independent Offices Appropriation Act, 1955, as amended, referred to in text, is act June 24, 1954, ch. 359, 68 Stat. 272. Provisions of title II of this Act relating to the establishment of the revolving fund (liquidating programs) are classified to section 1701g–5 of this title. For complete classification of this Act to the Code, see Tables. Codification Section was enacted as part of the Department of Housing and Urban Development-Independent Agencies Appropriation Act, 1984, and not as part of the National Housing Act which comprises this chapter.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1701g–5a
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73