42-U.S.C.-12858

§12858 – Transition

Pathway

Title 42 > Chapter 130 > Subchapter III > Section 12858

Details

• Reference: Section 12858
• Legend: §12858 – Transition
• USCode Year: 2011

Provision Content

(a) Authority of Secretary

Upon the termination of the Trust as provided in section 12859 of this title, the Secretary of Housing and Urban Development shall exercise any authority of the Board of Directors and the Trust in accordance with the provisions of this subchapter as may be necessary to provide for the conclusion of the outstanding affairs of the Trust.

(b) Applicability of Trust provisions

Any assistance under this subchapter shall, after termination of the Trust, be subject to the provisions of this subchapter that would have applied to such assistance if the termination had not occurred.

(c) Certification of Fund to Treasury

Upon a determination by the Secretary of Housing and Urban Development that the National Homeownership Trust Fund is no longer necessary, the Secretary shall certify any amounts remaining in the Fund to the Secretary of the Treasury and the Secretary of the Treasury shall deposit into the general fund of the Treasury as miscellaneous receipts any amounts remaining in the Fund.

(Pub. L. 101–625, title III, §309, Nov. 28, 1990, 104 Stat. 4133.)

U.S. Encyclopedia of Law Coverage

42-U.S.C.-12721 in the Legal Encyclopedia: Welfare

In this entry about 42-U.S.C.-12721, find legal reference material, bibliographies and premiere content related to welfare in the American Encyclopedia of Law, presenting a comprehensive view of the United States welfare-specific issues, written by authorities in the field.

42-U.S.C.-12853 in the Legal Encyclopedia: Housing

In this entry about 42-U.S.C.-12853, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.

42-U.S.C.-12836 in the Legal Encyclopedia: Affordable Housing

In this entry about 42-U.S.C.-12836, find legal reference material, bibliographies and premiere content related to affordable housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States affordable housing-specific issues, written by authorities in the field.

Topic Map

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