Title 12 — Banks and BankingRelease 119-73not60
§4124 Authorization of Appropriations
Title 12 › Chapter 42— LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP › Subchapter I— PREPAYMENT OF MORTGAGES INSURED UNDER NATIONAL HOUSING ACT › § 4124
Summary
Congress authorized $638,252,784 for fiscal year 1993 and $665,059,401 for fiscal year 1994, and, if approved in appropriation Acts, up to $50,000,000 each year may be used for grants under section 4111(d)(2).
Full Legal Text
Title 12, §4124
Banks and Banking — Source: USLM XML via OLRC
(a)There are authorized to be appropriated for assistance and incentives authorized under this subchapter $638,252,784 for fiscal year 1993 and $665,059,401 for fiscal year 1994.
(b)Subject to approval in appropriation Acts, not more than $50,000,000 of the amounts made available under subsection (a) for fiscal year 1993, and not more than $50,000,000 of the amounts made available under subsection (a) for fiscal year 1994, shall be available for grants under section 4111(d)(2) of this title.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1992—Pub. L. 102–550 amended section generally. Prior to amendment, section read as follows: “(a) General.—There are authorized to be appropriated for assistance and incentives authorized under this chapter $425,000,000 for fiscal year 1991 and $858,000,000 for fiscal year 1992. “(b) Grants.—Of the amounts made available under subsection (a) of this section, not more than $100,000,000 for each of fiscal years 1991 and 1992 shall be available for grants under section 4111(d)(2) of this title, subject to approval in appropriations Acts.”
Reference
Citations & Metadata
Citation
12 U.S.C. § 4124
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60