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12 U.S.C. § 1150b — Authorization of appropriations

submitted 82 years ago by ch. 623 to r/title-12-BANKS-AND-BANKING · 78 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section authorizes appropriations needed to carry out the chapter. Current and later funds for administering the related Acts and programs may also pay this chapter’s administrative expenses.

There is authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such amount as may be necessary to enable the Secretary to carry out the provisions of this chapter, and the current and subsequent appropriations to enable the Secretary to administer the respective Acts of Congress or programs to which the aforesaid payments or loans or extensions of credit relate must also be available for the administrative expenses of carrying out this chapter.
the actual law source: uscode.house.gov ↗public domain

There is authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such amount as may be necessary to enable the Secretary to carry out the provisions of this chapter, and the current and subsequent appropriations to enable the Secretary to administer the respective Acts of Congress or programs to which the aforesaid payments or loans or extensions of credit relate shall also be available for the administrative expenses of carrying out this chapter.

Source credit: (Dec. 20, 1944, ch. 623, § 3, 58 Stat. 837.)

history & why it existsrecord from the source credit
  • 1944Enacted · Act of Dec. 20, 1944, ch. 623 · 58 Stat. 837

A history note hasn’t been published yet. The record shows enactment by ch. 623 on 1944-12-20.

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