42 U.S.C. § 3539a — Department of Housing and Urban Development Nonrecurring Expenses Fund
submitted 2 years ago by Pub. L. 118-42 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 186 words · no verdicts yet
This section creates a Treasury fund for HUD’s nonrecurring capital needs. Certain expired unobligated discretionary balances may be transferred into it, subject to timing, approval, and congressional-notice rules.
A Treasury fund called the “Department of Housing and Urban Development Nonrecurring Expenses Fund” is established. Unobligated balances of expired discretionary funds appropriated from the Treasury’s General Fund to HUD for this or a later fiscal year may be transferred into the Fund no later than the end of the fifth fiscal year after the last fiscal year for which the money was available for its original purposes. Money deposited in the Fund remains available until spent and may supplement other available money for HUD capital needs, including facility and information-technology infrastructure, subject to Office of Management and Budget approval. Money in the Fund may be obligated only after the House and Senate Appropriations Committees receive at least 15 days’ advance notice of the planned use.
There is hereby established in the Treasury of the United States a fund to be known as the “Department of Housing and Urban Development Nonrecurring Expenses Fund” (the Fund): Provided, That unobligated balances of expired discretionary funds appropriated for this or any succeeding fiscal year from the General Fund of the Treasury to the Department of Housing and Urban Development by this or any other Act may be transferred (not later than the end of the fifth fiscal year after the last fiscal year for which such funds are available for the purposes for which they were appropriated) into the Fund: Provided further, That amounts deposited in the Fund shall be available until expended, in addition to such other funds as may be available for such purposes, for capital needs of the Department, including facilities infrastructure and information technology infrastructure, subject to approval by the Office of Management and Budget: Provided further, That amounts in the Fund may be obligated only after the House and Senate Committees on Appropriations are notified at least 15 days in advance of the planned use of funds.
Source credit: (Pub. L. 118–42, div. F, title II, § 235, Mar. 9, 2024, 138 Stat. 384.)
- 2024Enacted · Pub. L. 118-42 · 138 Stat. 384
A history note hasn’t been published yet. The record shows enactment by Pub. L. 118-42 on 2024-03-09.
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