Title 12 — Banks and BankingRelease 119-73
§1705 Allocation of funds
Title 12 › Chapter CHAPTER 13— - NATIONAL HOUSING › Subchapter SUBCHAPTER I— - HOUSING RENOVATION AND MODERNIZATION › § 1705
Summary
The President may give emergency funds he has now or later receives to the Secretary to carry out these subchapters.
Full Legal Text
Title 12, §1705
Banks and Banking — Source: USLM XML via OLRC
For the purposes of carrying out the provisions of this subchapter and subchapters II and III, the President, in his discretion, is authorized to provide such funds or any portion thereof by allotment to the Secretary from any funds that are available, or may hereafter be made available, to the President for emergency purposes.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1984—Pub. L. 98–479 substituted “such” for “suuch”. 1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner”. 1950—Act Apr. 20, 1950, § 122, substituted “Commissioner” for “Administrator”. 1947—Act June 30, 1947, struck out references to Re
Construction
Finance Corporation.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1705
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73