§ 661f. — Effect on other laws.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 2USC661f]
TITLE 2--THE CONGRESS
CHAPTER 17A--CONGRESSIONAL BUDGET AND FISCAL OPERATIONS
SUBCHAPTER III--CREDIT REFORM
Sec. 661f. Effect on other laws
(a) Effect on other laws
This subchapter shall supersede, modify, or repeal any provision of
law enacted prior to November 5, 1990, to the extent such provision is
inconsistent with this subchapter. Nothing in this subchapter shall be
construed to establish a credit limitation on any Federal loan or loan
guarantee program.
(b) Crediting of collections
Collections resulting from direct loans obligated or loan guarantees
committed prior to October 1, 1991, shall be credited to the liquidating
accounts of Federal agencies. Amounts so credited shall be available, to
the same extent that they were available prior to November 5, 1990, to
liquidate obligations arising from such direct loans obligated or loan
guarantees committed prior to October 1, 1991, including repayment of
any obligations held by the Secretary of the Treasury or the Federal
Financing Bank. The unobligated balances of such accounts that are in
excess of current needs shall be transferred to the general fund of the
Treasury. Such transfers shall be made from time to time but, at least
once each year.
(Pub. L. 93-344, title V, Sec. 507, as added Pub. L. 101-508, title
XIII, Sec. 13201(a), Nov. 5, 1990, 104 Stat. 1388-614.)
