§ 1705. — Allocation of funds.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1705]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER I--HOUSING RENOVATION AND MODERNIZATION
Sec. 1705. Allocation of funds
For the purposes of carrying out the provisions of this subchapter
and subchapters II and III of this chapter the President, in his
discretion, is authorized to provide such funds or any portion thereof
by allotment to the Secretary from any funds that are available, or may
hereafter be made available, to the President for emergency purposes.
(June 27, 1934, ch. 847, title I, Sec. 4, 48 Stat. 1247; June 30, 1947,
ch. 166, title II, Sec. 206(l), 61 Stat. 208; Apr. 20, 1950, ch. 94,
title I, Sec. 122, 64 Stat. 59; Pub. L. 90-19, Sec. 1(a)(3), May 25,
1967, 81 Stat. 17; Pub. L. 98-479, title II, Sec. 204(a)(1), Oct. 17,
1984, 98 Stat. 2231.)
Amendments
1984--Pub. L. 98-479 substituted ``such'' for ``suuch''.
1967--Pub. L. 90-19 substituted ``Secretary'' for ``Commissioner''.
1950--Act Apr. 20, 1950, Sec. 122, substituted ``Commissioner'' for
``Administrator''.
1947--Act June 30, 1947, struck out references to Reconstruction
Finance Corporation.
Section Referred to in Other Sections
This section is referred to in section 1735 of this title.
