§3337 — Title 12 Banks and Banking | U.S. Code

Summary

The Treasury Secretary must give the Appraisal Subcommittee a one-time payment of $5,000,000 on August 9, 1989. After that, the subcommittee’s expenses are paid from registry fees charged to certain certified and licensed appraisers, or by another required funding method. Any extra money beyond those sources must be approved and provided by Congress, except as another rule allows. By September 30, 1998, the subcommittee must repay any unpaid part of the $5,000,000 to the Treasury.

Title 12, §3337

Banks and Banking — Source: USLM XML via OLRC

(a)For purposes of this chapter, the Secretary of the Treasury shall pay to the Appraisal Subcommittee a one-time payment of $5,000,000 on August 9, 1989. Thereafter, expenses of the subcommittee shall be funded through the collection of registry fees from certain certified and licensed appraisers pursuant to section 3338 of this title or, if required, pursuant to section 3351(b) 11 See References in Text note below. of this title.

(b)Except as provided in section 3351(b) 1 of this title, funds in addition to the funds provided under subsection (a) may be made available to the Appraisal Subcommittee only if authorized and appropriated by law.

(c)Not later than September 30, 1998, the Appraisal Subcommittee shall repay to the Secretary of the Treasury the unpaid portion of the $5,000,000 paid to the Appraisal Subcommittee pursuant to this section.

Editorial Notes

References in Text

section 3351(b) of this title, referred to in text, was redesignated section 3351(c) of this title by Pub. L. 103–325, title III, § 315(1), Sept. 23, 1994, 108 Stat. 2222.

Amendments

1996—Subsec. (c). Pub. L. 104–208 added subsec. (c).

§3337 Startup funding

Summary

Title 12, §3337

Notes & Related Subsidiaries

Editorial Notes

References in Text

Amendments

Citations & Metadata