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12 U.S.C. § 3337Startup funding

submitted 37 years ago by Pub. L. 101-73 to r/title-12-BANKS-AND-BANKING · 143 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses Startup funding. It sets out the duties, permissions, limits, reports, definitions, and other rules stated in the section.

(a) In general For purposes of this chapter, the Secretary of the Treasury shall pay to the Appraisal Subcommittee a one-time payment of $5,000,000 on August 9, 1989. Thereafter, expenses of the subcommittee must be funded through the collection of registry fees from certain certified and licensed appraisers under section 3338 of this title or, if required, under section 3351(b) 1 of this title. (b) Additional funds Except as provided in section 3351(b) 1 of this title, funds in addition to the funds provided under subsection (a) may be made available to the Appraisal Subcommittee only if authorized and appropriated by law. (c) Repayment of Treasury loan By September 30, 1998 , the Appraisal Subcommittee shall repay to the Secretary of the Treasury the unpaid portion of the $5,000,000 paid to the Appraisal Subcommittee under this section.
the actual law source: uscode.house.gov ↗public domain
(a) In general

For purposes of this chapter, the Secretary of the Treasury shall pay to the Appraisal Subcommittee a one-time payment of $5,000,000 on August 9, 1989. Thereafter, expenses of the subcommittee shall be funded through the collection of registry fees from certain certified and licensed appraisers pursuant to section 3338 of this title or, if required, pursuant to section 3351(b) 1 of this title.

(b) Additional funds

Except as provided in section 3351(b)1 of this title, funds in addition to the funds provided under subsection (a) may be made available to the Appraisal Subcommittee only if authorized and appropriated by law.

(c) Repayment of Treasury loan

Not later than September 30, 1998, the Appraisal Subcommittee shall repay to the Secretary of the Treasury the unpaid portion of the $5,000,000 paid to the Appraisal Subcommittee pursuant to this section.

Source credit: (Pub. L. 101–73, title XI, § 1108, Aug. 9, 1989, 103 Stat. 513; Pub. L. 104–208, div. A, title II, § 2212, Sept. 30, 1996, 110 Stat. 3009–411.)

history & why it existsrecord from the source credit
  • 1989Enacted · Pub. L. 101-73 · 103 Stat. 513
  • 1996Amended · Pub. L. 104-208 · 110 Stat. 3009

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-73 on 1989-08-09.

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