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12 U.S.C. § 1723c — Process of applications and issuance of commitments

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1723c — Process of applications and issuance of commitments

The Secretary is authorized to process applications and issue commitments with respect to insurance of mortgages under [section 1706c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1706c&num=0&edition=prelim) and subchapter II, VI, VIII, or X of this chapter, even though the permanent mortgage financing may not be insured under this chapter, and in the event the mortgage is not so insured the Secretary is authorized to charge an additional application fee determined by him to be reasonable. The Secretary is authorized to make such rules and regulations as may be necessary to carry out the provisions of this section.

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Stable record: federal_law:legal_authorities:record_usc_45cfd45cbae59802b6bd4289
Source file: Laws/federal/codes/united-states-code/title-12/section-1723c-process-of-applications-and-issuance-of-commitments--4aed93a39d.md
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Source location: Title 12, Chapter 13, § 1723c; chapter-013-national-housing.md

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1706c — Exchange and assembly of housing and urban planning and development data; payment of expenses; acceptance of funds, services, facilities, materials, and other donations; approval of Secretary of State for international programs and activities

**(a)** The Secretary of Housing and Urban Development may exchange data relating to housing and urban planning and development with other nations and assemble such data from other nations, through participation in international conferences and other means, where such exchange or assembly is deemed by him to be beneficial in carrying out his responsibilities under the Department of Housing and Urban Development Act [[42 U.S.C. 3531](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section3531&num=0&edition=prelim) et seq.] or other legislation. In carrying out his responsibilities under this subsection the Secretary may— (1) pay the expenses of participation in activities conducted under authority of this section including, but not limited to, the compensation, travel expenses, and per diem in lieu of subsistence of persons serving in an advisory capacity while away from their homes or regular places of business in connection with attendance at international meetings and conferences, or other travel for the purpose of exchange or assembly of data relating to housing and urban planning and development; but such travel expenses shall not exceed those authorized for regular officers and employees traveling in connection with said activities; and (2) accept from international organizations, foreign countries, and private nonprofit foundations, funds, services, facilities, materials, and other donations to be utilized jointly in carrying out activities under this section. **(b)** International programs and activities carried out by the Secretary under the authority provided in subsection (a) shall be subject to the approval of the Secretary of State for the purpose of assuring that such authority shall be exercised in a manner consistent with the forei

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1723c — Obligations, participations, or other in-

Page 777 TITLE 12—BANKS AND BANKING § 1723d wise provided by law. See sections 1001(2) and 1013 of Title 5, Government Organization and Employees. PROPOSAL BY FEDERAL NATIONAL MORTGAGE ASSOCIA- TION RESPECTING MORTGAGE-BACKED SECURITIES PROGRAM; APPROVAL, ETC. Pub. L. 96–399, title III, § 330, Oct. 8, 1980, 94 Stat. 1652, provided that: ‘‘If the Federal National Mortgage Asso- ciation submits to the Secretary of Housing and Urban Development or the Secretary of the Treasury, after the date of enactment of this section [Oct. 8, 1980], a proposal with respect to undertaking a mortgage- backed securities program, the Secretary of Housing and Urban Development or the Secretary of the Treas- ury, as the case may be, shall, within 90 days after sub- mission of such proposal, approve the proposal or trans- mit to the Congress a report explaining why the pro- posal has not been approved.’’ Executive Documents TRANSFER OF FUNCTIONS ‘‘Director of the Office of Personnel Management’’ substituted for ‘‘United States Civil Service Commis- sion’’ pursuant to Reorg. Plan No. 2 of 1978, § 102, 43 F.R. 36037, 92 Stat. 3783, set out under section 1101 of Title 5, Government Organization and Employees, which transferred functions vested by statute in United States Civil Service Commission to Director of Office of Personnel Management (except as otherwise speci- fied), effective Jan. 1, 1979, as provided by section 1–102 of Ex. Ord. No. 12107, Dec. 28, 1978, 44 F.R. 1055, set out under section 1101 of Title 5. § 1723b. Investment of funds Moneys of the Association not invested in mortgages or other security holdings or in oper- ating facilities shall be kept in cash on hand or on deposit, or invested in obligations of the United States or guaranteed thereby, or in

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