Title 42 — The Public Health and WelfareRelease 119-73not60
§12858 Transition
Title 42 › Chapter 130— NATIONAL AFFORDABLE HOUSING › Subchapter III— NATIONAL HOMEOWNERSHIP TRUST DEMONSTRATION › § 12858
Summary
When the Trust ends under section 12859, the Secretary of Housing and Urban Development must take over the Board’s powers to finish the Trust’s remaining business under the same subchapter rules. If the Secretary decides the Trust Fund is no longer needed, any leftover money must be sent to the Treasury and added to the federal general fund as miscellaneous receipts.
Full Legal Text
Title 42, §12858
The Public Health and Welfare — Source: USLM XML via OLRC
(a)Upon the termination of the Trust as provided in section 12859 of this title, the Secretary of Housing and Urban Development shall exercise any authority of the Board of Directors and the Trust in accordance with the provisions of this subchapter as may be necessary to provide for the conclusion of the outstanding affairs of the Trust.
(b)Any assistance under this subchapter shall, after termination of the Trust, be subject to the provisions of this subchapter that would have applied to such assistance if the termination had not occurred.
(c)Upon a determination by the Secretary of Housing and Urban Development that the National Homeownership Trust Fund is no longer necessary, the Secretary shall certify any amounts remaining in the Fund to the Secretary of the Treasury and the Secretary of the Treasury shall deposit into the general fund of the Treasury as miscellaneous receipts any amounts remaining in the Fund.
Reference
Citations & Metadata
Citation
42 U.S.C. § 12858
Title 42 — The Public Health and Welfare
Last Updated
Apr 5, 2026
Release point: 119-73not60