40-U.S.C.-3505

40-U.S.C.-3505

§3505 – Forgiveness of Outstanding Advances

Pathway

Title 40 > Subtitle II > Part A > Chapter 35 > Section 3505

Details

  • Reference: Section 3505
  • Legend: §3505 – Forgiveness of Outstanding Advances
  • USCode Year: 2013

Provision Content

In accordance with accounting and other procedures the Secretary of Housing and Urban Development prescribes, each advance made by the Secretary under this chapter that had any principal amount outstanding on February 5, 1988, was forgiven. The terms and conditions of any contract, or any amendment to a contract, for that advance with respect to any promise to repay the advance were canceled.

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1168.)

Historical and Revision Notes
Revised
Section
Source (U.S. Code) Source (Statutes at Large)
3505 40:462(g). Aug. 2, 1954, ch. 649, title VII, §702(g), as added Pub. L. 87–658, §6, Sept. 14, 1962, 76 Stat. 544; Pub. L. 100–242, title V, §524(2), Feb. 5, 1988, 101 Stat. 1939.

U.S. Encyclopedia of Law Coverage

40-U.S.C.-3302 in the Legal Encyclopedia: Public Property

In this entry about 40-U.S.C.-3302, find legal reference material, bibliographies and premiere content related to public property in the American Encyclopedia of Law, presenting a comprehensive view of the United States public property-specific issues, written by authorities in the field.

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