12 U.S.C. § 5585 — Incidental transfers
submitted 16 years ago by Pub. L. 111-203 to r/title-12-BANKS-AND-BANKING · 81 words · no verdicts yet
This section authorizes the Director of the Office of Management and Budget, after consulting the Secretary, to make additional incidental transfers and dispositions of assets and liabilities connected with the transferred functions. That authority ends 5 years after July 21, 2010.
(a) Incidental transfers authorized. After consulting the Secretary, the Director* of the Office of Management and Budget must make any additional incidental transfers and dispositions of assets and liabilities that are held, used, arise from, are available, or are to be made available in connection with the functions transferred by this title, if the Director determines they are necessary to accomplish this title’s purposes.
(b) Sunset. The authority provided by this section ends 5 years after July 21, 2010.
The Director* of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title,1 as the Director may determine necessary to accomplish the purposes of this title.1
The authority provided in this section shall terminate 5 years after July 21, 2010.
Source credit: (Pub. L. 111–203, title X, § 1065, July 21, 2010, 124 Stat. 2055.)
- 2010Enacted · Pub. L. 111-203 · 124 Stat. 2055
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.
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