12-U.S.C.-5708

§5708 – Implementation and Administration

Pathway

Title 12 > Chapter 54 > Section 5708

Details

• Reference: Section 5708
• Legend: §5708 – Implementation and Administration
• USCode Year: 2013

Provision Content

(a) General authorities and duties

The Secretary shall—

(1) consult with the Administrator of the Small Business Administration and the appropriate Federal banking agencies on the administration of the Program;

(2) establish minimum national standards for approved State programs;

(3) provide technical assistance to States for starting State programs and generally disseminate best practices;

(4) manage, administer, and perform necessary program integrity functions for the Program; and

(5) ensure adequate oversight of the approved State programs, including oversight of the cash flows, performance, and compliance of each approved State program.

(b) Appropriations

There is hereby appropriated to the Secretary, out of funds in the Treasury not otherwise appropriated, $1,500,000,000 to carry out the Program, including to pay reasonable costs of administering the Program.

(c) Termination of Secretarys Program administration functions

The authorities and duties of the Secretary to implement and administer the Program shall terminate at the end of the 7-year period beginning on September 27, 2010.

(d) Expedited contracting

During the 1-year period beginning on September 27, 2010, the Secretary may enter into contracts without regard to any other provision of law regarding public contracts, for purposes of carrying out this chapter.

(Pub. L. 111–240, title III, §3009, Sept. 27, 2010, 124 Stat. 2580.)

U.S. Encyclopedia of Law Coverage

Subchapter VII – Improving Access To Mainstream Financial Institutions in the Legal Encyclopedia: Banking Law

In this entry about Subchapter VII – Improving Access To Mainstream Financial Institutions, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-5706 in the Legal Encyclopedia: Business

In this entry about 12-U.S.C.-5706, find legal reference material, bibliographies and premiere content related to business in the American Encyclopedia of Law, presenting a comprehensive view of the United States business-specific issues, written by authorities in the field.

Topic Map

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