Title 12 — Banks and BankingRelease 119-73not60
§3337 Startup Funding
Title 12 › Chapter 34A— APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3337
Summary
On August 9, 1989, the Treasury Secretary must give the Appraisal Subcommittee $5,000,000; afterward its costs come from registry fees under sections 3338 or 3351(b); any other funds need authorization and appropriation by law, and any unpaid part must be repaid by September 30, 1998.
Full Legal Text
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.
Legislative History
Notes & Related Subsidiaries
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).
Reference
Citations & Metadata
Citation
12 U.S.C. § 3337
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60