§ 1717a. — Prohibition against sale of obligations by Federal departments and agencies after June 30, 1966, without compliance with requirements of section 1717(c) of this title or without approval by Secretary of the Treasury; exemption.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1717a]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER III--NATIONAL MORTGAGE ASSOCIATIONS
Sec. 1717a. Prohibition against sale of obligations by Federal
departments and agencies after June 30, 1966, without compliance
with requirements of section 1717(c) of this title or without
approval by Secretary of the Treasury; exemption
After June 30, 1966, no department or agency listed in section
1717(c)(2) of this title may sell any obligation held by it except as
provided in section 1717(c) of this title, or as approved by the
Secretary of the Treasury, except that this prohibition shall not apply
to the Government National Mortgage Association.
(Pub. L. 89-429, Sec. 6(b), May 24, 1966, 80 Stat. 167; Pub. L. 90-448,
title VIII, Sec. 807(g), Aug. 1, 1968, 82 Stat. 545.)
Codification
Section was enacted as a part of the Participation Sales Act of
1966, and not as a part of the National Housing Act, which comprises
this chapter or the Federal National Mortgage Association Charter Act
which comprises this subchapter.
Amendments
1968--Pub. L. 90-448 substituted ``the Government National Mortgage
Association'' for ``secondary market operations carried on by the
Federal National Mortgage Association''.
Effective Date of 1968 Amendment
For effective date of amendment by Pub. L. 90-448, see section 808
of Pub. L. 90-448, set out as an Effective Date note under section 1716b
of this title.
