Title 12 — Banks and BankingRelease 119-73not60

§5626 Authorization of Appropriations

Title 12 › Chapter 53— WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter VII— IMPROVING ACCESS TO MAINSTREAM FINANCIAL INSTITUTIONS › § 5626

Last updated Apr 3, 2026|Official source

Summary

Funds can be appropriated to the Secretary as needed to run and pay for the programs here, and that money stays available until spent. Beginning in fiscal year 2010, the Fund annually receives an amount equal to its administrative costs for running the grant program.

Full Legal Text

Title 12, §5626

Banks and Banking — Source: USLM XML via OLRC

(a)There are authorized to be appropriated to the Secretary, such sums as are necessary to both administer and fund the programs and projects authorized by this subchapter, to remain available until expended.

(b)There is authorized to be appropriated to the Fund for each fiscal year beginning in fiscal year 2010, an amount equal to the amount of the administrative costs of the Fund for the operation of the grant program established under this subchapter.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

This subchapter, referred to in text, was in the original “this title”, meaning title XII of Pub. L. 111–203, July 21, 2010, 124 Stat. 2129, known as the Improving Access to Mainstream Financial Institutions Act of 2010, which is classified principally to this subchapter. For complete classification of title XII to the Code, see

Short Title

note set out under section 5301 of this title and Tables.

Reference

Citations & Metadata

Citation

12 U.S.C. § 5626

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60