Title 12, Banks and BankingRelease 119-102

§1701g–5a Transfer of New Communities Fund Assets and Liabilities

Title 12 › CHAPTER 13 — NATIONAL HOUSING › § 1701g–5a

Last updated Aug 21, 2026|Official source

Summary

The Secretary must move everything the fund owns and everything it owes under 42 U.S.C. 4518 into the Revolving Fund under 12 U.S.C. 1701g–5.

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section 717 of the Housing and Urban Development Act of 1970, as amended (42 U.S.C. 4518), referred to in text, was repealed by Pub.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

Aug 21, 2026

Release point: 119-102