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42 U.S.C. § 1489 — Transfer of excess funds out of Rural Housing Insurance Fund

submitted 77 years ago by Pub. L. 89-117 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 39 words · no verdicts yet

in plain englishAI-generated · not legal advice

Excess money in the Rural Housing Insurance Fund must be returned to the Treasury’s miscellaneous receipts.

Any amount in the Rural Housing Insurance Fund that the Secretary determines exceeds what is needed for the Fund’s obligations and purposes must be returned to the Treasury’s miscellaneous receipts.
the actual law source: uscode.house.gov ↗public domain

Any sums in the Rural Housing Insurance Fund which the Secretary determines are in excess of amounts needed to meet the obligations and carry out the purposes of such Fund shall be returned to miscellaneous receipts of the Treasury.

Source credit: (July 15, 1949, ch. 338, title V, § 519, as added Pub. L. 89–117, title X, § 1006, Aug. 10, 1965, 79 Stat. 501; amended Pub. L. 91–152, title IV, § 413(e)(4), Dec. 24, 1969, 83 Stat. 399.)

history & why it existsrecord from the source credit
  • 1949Enacted · Pub. L. 89-117 · 79 Stat. 501
  • 1969Amended · Pub. L. 91-152 · 83 Stat. 399

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-117 on 1949-07-15.

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