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42 U.S.C. § 1437aaa–1 — Financing limitations
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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Stable record: federal_law:legal_authorities:record_usc_619a9e937f710ffaad042583
Source file: Laws/federal/codes/united-states-code/title-42/section-1437aaa1-financing-limitations--f1171b308a.md
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Source location: Title 42, Chapter 8, § 1437aaa–1; chapter-008-low-income-housing.md
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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).
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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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1437b
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