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12 U.S.C. § 1735f–20 — Authorization of appropriations for General and Special Risk Insurance Funds

submitted 92 years ago by Pub. L. 103-233 to r/title-12-BANKS-AND-BANKING · 163 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about Authorization of appropriations for General and Special Risk Insurance Funds. It also states the conditions, exceptions, procedures, and definitions included in those rules.

There are authorized to be appropriated that sums as may be necessary for each of fiscal years 1994 and 1995, to be allocated in any manner that the Secretary determines appropriate, for the following costs incurred in conjunction with programs authorized under the General Insurance Fund, as provided by section 1735c of this title , and the Special Risk Insurance Fund, as provided by section 1715z–3 of this title : (1) The cost to the Government, as defined in section 661a of title 2, of new insurance commitments. (2) The cost to the Government, as defined in section 661a of title 2, of modifications to existing loans, loan guarantees, or insurance commitments. (3) The cost to the Government, as defined in section 661a of title 2, of loans provided under section 1701z–11(f) of this title . (4) The costs of the rehabilitation of multifamily housing projects (as defined in section 1701z–11(b) of this title ) upon disposition by the Secretary.

the actual law source: uscode.house.gov ↗public domain

There are authorized to be appropriated such sums as may be necessary for each of fiscal years 1994 and 1995, to be allocated in any manner that the Secretary determines appropriate, for the following costs incurred in conjunction with programs authorized under the General Insurance Fund, as provided by section 1735c of this title, and the Special Risk Insurance Fund, as provided by section 1715z–3 of this title:

(1)

The cost to the Government, as defined in section 661a 1 of title 2, of new insurance commitments.

(2)

The cost to the Government, as defined in section 661a 1 of title 2, of modifications to existing loans, loan guarantees, or insurance commitments.

(3)

The cost to the Government, as defined in section 661a 1 of title 2, of loans provided under section 1701z–11(f) of this title.

(4)

The costs of the rehabilitation of multifamily housing projects (as defined in section 1701z–11(b) of this title) upon disposition by the Secretary.

Source credit: (June 27, 1934, ch. 847, title V, § 542, as added Pub. L. 103–233, title I, § 105(c), Apr. 11, 1994, 108 Stat. 363.)

history & why it existsrecord from the source credit
  • 1934Enacted · Pub. L. 103-233 · 108 Stat. 363

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-233 on 1934-06-27.

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