Title 12, Banks and BankingRelease 119-102
§1705 Allocation of Funds
Title 12 › CHAPTER 13 — NATIONAL HOUSING › SUBCHAPTER I — HOUSING RENOVATION AND MODERNIZATION › § 1705
Summary
The President may choose to give money to the Secretary so the Secretary can carry out the rules in this subchapter and in subchapters II and III. He can transfer all or part of any emergency funds he already has or that may become available later.
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
Aug 21, 2026
Release point: 119-102