§1735f–20 — Title 12 Banks and Banking | U.S. Code

Summary

Money is approved for fiscal years 1994 and 1995 for the Secretary to spend on costs tied to the General Insurance Fund (section 1735c) and the Special Risk Insurance Fund (section 1715z–3). The money can cover: the Government’s cost (as defined in section 661a of title 2) for new insurance commitments; the cost to change existing loans, guarantees, or insurance; the cost of loans under section 1701z–11(f); and rehab costs for multifamily housing projects when the Secretary disposes of them.

Title 12, §1735f–20

Banks and Banking — Source: USLM XML via OLRC

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 11 See References in Text note below. 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.

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.

§1735f–20 Authorization of appropriations for General and Special Risk Insurance Funds

Summary

Title 12, §1735f–20

Notes & Related Subsidiaries

Editorial Notes

References in Text

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