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42 U.S.C. § 1437b — Expenses of management and operation of transferred projects as nonadministrative; payment
Federal law — U.S. Code and appendices · legal_authorities
On and after May 10, 1939 all necessary expenses in connection with the management and operation of projects transferred to the Authority by Executive Order Numbered 7732 of October 27, 1937, as modified by Executive Order Numbered 7839 of March 12, 1938, may be considered as nonadministrative expenses, notwithstanding the provisions of [section 712a of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section712a&num=0&edition=prelim), and be paid from the rents received from each transferred project.
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Source file: Laws/federal/codes/united-states-code/title-42/section-1437b-expenses-of-management-and-operation-of-transferred-projects-as-nonadmin--65ca51a16c.md
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Source location: Title 42, Chapter 8, § 1437b; chapter-008-low-income-housing.md
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On and after May 10, 1939 all necessary expenses in connection with the management and operation of projects transferred to the Authority by Executive Order Numbered 7732 of October 27, 1937, as modified by Executive Order Numbered 7839 of March 12, 1938, may be considered as nonadministrative expenses, notwithstanding the provisions of [section 712a of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section712a&num=0&edition=prelim), and be paid from the rents received from each transferred project.
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Federal law — U.S. Code and appendices · legal_authorities
The Congress hereby declares that the general welfare and security of the Nation and the health and living standards of our people require, as a matter of national purpose, sound development of the Nation’s communities and metropolitan areas in which the vast majority of its people live and work.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 3531
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Notwithstanding any other provision of law, none of the establishments or agencies named in subsection (b) of this section shall, after June 30, 1937, incur any obligations for administrative expenses, except pursuant to an annual appropriation specifically therefor, nor shall any such establishment or agency continue to function after said date unless established by or pursuant to law: Provided, That nothing contained in this section shall be construed to extend the period during which any such establishment or agency heretofore has been authorized by law to function.
**(b)** [1., 2. Repealed] 3. Federal Housing Administration; 4. Federal Surplus Commodities Corporation; 5. Export-Import Bank of the United States; 6. Second Export-Import Bank of Washington, District of Columbia; 7. Reconstruction Finance Corporation; 8. Electric Home and Farm Authority; 9. Commodity Credit Corporation; 10. Federal Emergency Administration of Public Works; [11. Repealed] 12. Reconstruction Finance Mortgage Company.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 712a
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Federal law — U.S. Code and appendices · legal_authorities
On and after October 1, 1983, the Secretary—
(1) may only enter into contracts for annual contributions regarding obligations financing public housing projects authorized by [section 1437c(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437c/c&num=0&edition=prelim) if such obligations are exempt from taxation under [section 1437i(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437i/b&num=0&edition=prelim), or if such obligations are issued under [section 1437b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437b&num=0&edition=prelim) and such obligations are exempt from taxation; and
(2) may not enter into contracts for periodic payments to the Federal Financing Bank to offset the costs to the Bank of purchasing obligations (as described in the first sentence of [section 2294(b) of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2294/b&num=0&edition=prelim)) issued by local public housing agencies for purposes of financing public housing projects authorized by [section 1437c(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437c/c&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1437aaa–1
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section 1406c, act June 27, 1942, ch. 450, § 1, 56 Stat. 410, which related to expenses for construction advisers on non-Federal projects, was from the Independent Offices Appropriation Act, 1943, and was not repeated in subsequent appropriation acts. Prior similar provisions were contained in acts Apr. 5, 1941, ch. 40, § 1, 55 Stat. 111; Apr. 18, 1940, ch. 107, § 1, 54 Stat. 130.
Section 1407, acts Sept. 1, 1937, ch. 896, § 7, 50 Stat. 891; Aug. 2, 1954, ch. 649, title VIII, § 802(d), 68 Stat. 643; May 25, 1967, Pub. L. 90–19, § 2(f), 81 Stat. 20, provided for publication of information and submission of annual report by the Authority, prior to the general revision of the United States Housing Act of 1937 by Pub. L. 93–383, title II, § 201(a), Aug. 22, 1974, 88 Stat. 653.
Section 1408, act Sept. 1, 1937, ch. 896, § 8, 50 Stat. 891, authorized promulgation of rules and regulations by the Authority, prior to the general revision of the United States Housing Act of 1937 by Pub. L. 93–383, title II, § 201(a), Aug. 22, 1974, 88 Stat. 653.
Section 1409, acts Sept. 1, 1937, ch. 896, § 9, 50 Stat. 891; July 15, 1949, ch. 338, title III, § 304(c), (d), 63 Stat. 425; Dec. 24, 1969, Pub. L. 91–152, title II, § 211, 83 Stat. 388, authorized loans for low-rent-housing and slum clearance projects, prior to the general revision of the United States Housing Act of 1937 by Pub. L. 93–383, title II, § 201(a), Aug. 22, 1974, 88 Stat. 653. See [section 1437b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437b&num=0&edition=prelim).
Section 1410, acts Sept. 1, 1937, ch. 896, § 10, 50 Stat. 891; June 21, 1938, ch. 554, title VI, § 601, 52 Stat. 820; July 15, 1949, ch. 338, title III, §§ 302(a), 304(a), (
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1437c–1
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Sections 1417a to 1422 were omitted in the general revision of the United States Housing Act of 1937 by Pub. L. 93–383, title II, § 201(a), Aug. 22, 1974, 88 Stat. 653.
Section 1417a, act Sept. 1, 1937, ch. 896, § 17, as added Aug. 1, 1968, Pub. L. 90–448, title XVII, § 1719(c), 82 Stat. 610, set forth additional functions, powers, and duties of the Secretary. See [section 1437h of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437h&num=0&edition=prelim).
Section 1418, act Sept. 1, 1937, ch. 896, § 18, 50 Stat. 897, authorized all assets and receipts of the Authority to remain available until expended. See [section 1437h of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437h&num=0&edition=prelim).
Section 1419, act Sept. 1, 1937, ch. 896, § 19, 50 Stat. 897, authorized the allocation of funds available for similar purposes to the Authority.
Section 1420, acts Sept. 1, 1937, ch. 896, § 20, 50 Stat. 898; June 21, 1938, ch. 554, title VI, § 602, 52 Stat. 820; Oct. 30, 1941, ch. 467, 55 Stat. 759; July 15, 1949, ch. 338, title III, § 304(h), 63 Stat. 427; Aug. 1, 1968, Pub. L. 90–448, title II, § 203(b), 82 Stat. 503, authorized the Authority to issue obligations for purchase and sale by the Secretary of the Treasury. See [section 1437b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437b&num=0&edition=prelim).
Section 1421, acts Sept. 1, 1937, ch. 896, § 21, 50 Stat. 898; July 15, 1949, ch. 338, title III, § 307(g), 63 Stat. 431; Aug. 7, 1956, ch. 1029, title IV, § 403, 70 Stat. 1103; June 30, 1961, Pub. L. 87–70, title II, § 204(c), 75 Stat. 164, set forth depository and other banking requirements appli
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1437h
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority of Secretary; interest rates; repayment date; use as security for obligations of public housing agency** The Secretary may make loans or commitments to make loans to public housing agencies to help finance or refinance the development, acquisition, or operation of low-income housing projects by such agencies. Any contract for such loans and any amendment to a contract for such loans shall provide that such loans shall bear interest at a rate specified by the Secretary which shall not be less than a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, plus one-eighth of 1 per centum. Such loans shall be secured in such manner and shall be repaid within such period not exceeding forty years, or not exceeding forty years from the date of the bonds evidencing the loan, as the Secretary may determine. The Secretary may require loans or commitments to make loans under this section to be pledged as security for obligations issued by a public housing agency in connection with a low-income housing project.
**(b) Issuance of obligations by Secretary; limitation on amounts; forms and denominations; terms and conditions; purchase, establishment of maturities and rates of interest, and sale by Secretary of the Treasury** The Secretary may issue and have outstanding at any one time notes and other obligations for purchase by the Secretary of the Treasury in an amount which will not, unless authorized by the President, exceed $1,500,000,000. For the purpose of determining obligations incurred to make loans pursuant to this chapter against any limitation otherwise applica
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1437v
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Merger into Capital Fund** Except as otherwise provided in the Quality Housing and Work Responsibility Act of 1998, any assistance made available for public housing under section 1437l of this title before October 1, 1999, shall be merged into the Capital Fund established under subsection (d).
**(b) Merger into Operating Fund** Except as otherwise provided in the Quality Housing and Work Responsibility Act of 1998, any assistance made available for public housing under this section before October 1, 1999, shall be merged into the Operating Fund established under subsection (e).
**(c) Allocation amount**
(1) **In general** — For fiscal year 2000 and each fiscal year thereafter, the Secretary shall allocate amounts in the Capital Fund and Operating Funds 11 So in original. Probably should be “Fund”. for assistance for public housing agencies eligible for such assistance. The Secretary shall determine the amount of the allocation for each eligible agency, which shall be, for any fiscal year beginning after the effective date of the formulas described in subsections (d)(2) and (e)(2)—
(A) for assistance from the Capital Fund, the amount determined for the agency under the formula under subsection (d)(2); and
(B) for assistance from the Operating Fund, the amount determined for the agency under the formula under subsection (e)(2).
(2) **Funding** — There are authorized to be appropriated for assistance for public housing agencies under this section the following amounts:
(A) *Capital Fund* — For allocations of assistance from the Capital Fund, $3,000,000,000 for fiscal year 1999, and such sums as may be necessary for fiscal years 2000, 2001, 2002, and 2003.
(B) *Operating Fund* — For allocations of assistance from the Operating Fund, $2,900,000,000 for
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1437z–3
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Federal law — U.S. Code and appendices · legal_authorities
Page 4546
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 1437a–1
of 1965 [12 U.S.C. 1701s], section 236(f)(2) of the National
Housing Act [12 U.S.C. 1715z–1(f)(2)], or section 23 of the
United States Housing Act of 1937 [section 1421b of this
title] (as in effect before the date of the enactment of
the Housing and Community Development Act of 1974
[Aug. 22, 1974]) to assistance under section 8 of the
United States Housing Act of 1937, any increase in rent
payments or contributions resulting from such conver-
sion, and from the amendments made by this section of
any tenant benefiting from such assistance who is
sixty-two years of age or older may not exceed 10 per
centum per annum.
‘‘(B) In the case of any such conversion of assistance
occurring on or after October 1, 1981, and before the
date of the enactment of this section [Nov. 30, 1983], the
rental payments due after such date of enactment by
any tenant benefiting from such assistance who was
sixty-two years of age or older on the date of such con-
version shall be computed as if the tenant’s rental pay-
ment or contribution had, on the date of conversion,
been the lesser of the actual rental payment or con-
tribution required, or 25 per centum of the tenant’s in-
come.
‘‘(5) The limitations on increases in rent contained in
paragraphs (1)(B), (2), (3), and (4) shall remain in effect
and may not be changed or superseded except by an-
other provision of law which amends this subsection.
‘‘(6) As used in this subsection, the term ‘contribu-
tion’ means an amount representing 30 per centum of a
tenant’s monthly adjusted income, 10 per centum of the
tenant’s monthly income, or the designated amount of
welfare assistance, whichever amount is used to deter-
mine the monthly assistance payment for the ten
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 1437b
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