15 U.S.C. § 9061 — Direct appropriation
submitted 6 years ago by Pub. L. 116-136 to r/title-15-COMMERCE-AND-TRADE · 155 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Notwithstanding any other provision of law, there is appropriated, out of amounts in the Treasury not otherwise appropriated, to the fund established under section 5302(a)(1) of title 31, $500,000,000,000 to carry out this part.
On or after January 1, 2021, any remaining funds made available under section 9042(b) of this title may be used only for—
modifications, restructurings, or other amendments of loans, loan guarantees, or other investments in accordance with section 9063(b)(1) of this title; and
exercising any options, warrants, or other investments made prior to January 1, 2021; and
paying costs and administrative expenses as provided in section 9042(f) of this title.
On January 1, 2026, any funds described in paragraph (1) that are remaining shall be transferred to the general fund of the Treasury to be used for deficit reduction.
Source credit: (Pub. L. 116–136, div. A, title IV, § 4027, Mar. 27, 2020, 134 Stat. 496.)
- 2020Enacted · Pub. L. 116-136 · 134 Stat. 496
A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-136 on 2020-03-27.
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