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40 U.S.C. § 3503 — Revolving fund

submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 72 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary of Housing and Urban Development must establish a revolving fund for advances under this chapter. Appropriations to the fund may not exceed $70 million.

(a) Establishment .— There is a revolving fund established by the Secretary of Housing and Urban Development to provide amounts for advances under this chapter. The fund comprises amounts appropriated under this chapter and all repayments and other receipts received in connection with advances made under this chapter. (b) Authorizations .— Not more than $70,000,000 may be appropriated to the revolving fund as necessary to carry out the purposes of this chapter.
the actual law source: uscode.house.gov ↗public domain
(a)Establishment.—

There is a revolving fund established by the Secretary of Housing and Urban Development to provide amounts for advances under this chapter. The fund comprises amounts appropriated under this chapter and all repayments and other receipts received in connection with advances made under this chapter.

(b)Authorizations.—

Not more than $70,000,000 may be appropriated to the revolving fund as necessary to carry out the purposes of this chapter.

Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1168.)

history & why it existsrecord from the source credit
  • 2002Enacted · Pub. L. 107-217 · 116 Stat. 1168

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.

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