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42 U.S.C. § 5317 — Liquidation of superseded or inactive programs
Federal law — U.S. Code and appendices · legal_authorities
The Secretary is authorized to transfer the assets and liabilities of any program which is superseded or inactive by reason of this chapter to the revolving fund for liquidating programs established pursuant to title II of the Independent Offices Appropriation Act, 1955 (Public Law 83–428; 68 Stat. 272, 295) [[12 U.S.C. 1701g–5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701g–5&num=0&edition=prelim)].
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Source file: Laws/federal/codes/united-states-code/title-42/section-5317-liquidation-of-superseded-or-inactive-programs--a34af29b28.md
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Source location: Title 42, Chapter 69, § 5317; chapter-069-community-development.md
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The Secretary is authorized to transfer the assets and liabilities of any program which is superseded or inactive by reason of this chapter to the revolving fund for liquidating programs established pursuant to title II of the Independent Offices Appropriation Act, 1955 (Public Law 83–428; 68 Stat. 272, 295) [[12 U.S.C. 1701g–5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701g–5&num=0&edition=prelim)].
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Relief of housing shortage; advances** In order to assist in relieving the acute shortage of housing which now exists and to promote the production of housing for veterans of World War II at moderate prices or rentals within their reasonable ability to pay, through the application of modern industrial processes, the Secretary is authorized to insure loans to finance the manufacture of housing (including advances on such loans) when such loans are eligible for insurance as hereinafter provided.
**(b) Eligibility requirements** Loans for the manufacture of houses shall be eligible for insurance under this section if at the time of such insurance, the Secretary determines they meet the following conditions:
(1) The manufacturer shall establish that binding purchase contracts have been executed satisfactory to the Secretary providing for the purchase and delivery of the houses to be manufactured, which contracts shall provide for the payment of the purchase price at such time as may be agreed to by the parties thereto, but, in no event, shall the purchase price be payable on a date in excess of thirty days after the date of delivery of such houses, unless not less than 20 per centum of such purchase price is paid on or before the date of delivery and the lender has accepted and discounted or has agreed to accept and discount, pursuant to subsection (i) of this section a promissory note or notes, executed by the purchaser, representing the unpaid portion of such purchase price, in which event such unpaid portion of the purchase price may be payable on a date not in excess of one hundred and eighty days from the date of delivery of such houses;
(2) Such houses to be manufactured shall meet such requirements of sound quality, durability, livability, and safety as may
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701g–5
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Federal law — U.S. Code and appendices · legal_authorities
Page 433
TITLE 12—BANKS AND BANKING
§ 1701g–5
tive studies with industry, labor, etc.; and exercise of
powers by Secretary. See sections 1701z–1 to 1701z–4 of
this title.
§ 1701f–1. Repealed. Pub. L. 90–19, § 5(c), May 25,
1967, 81 Stat. 21
Section, act Aug. 10, 1948, ch. 832, title III, § 304, as
added July 15, 1949, ch. 338, title IV, § 401, 63 Stat. 431,
provided for appointment, powers, and compensation of
a Director. Section was previously repealed by Pub. L.
89–534, § 8(a), Sept. 6, 1966, 80 Stat. 655.
§§ 1701g to 1701g–3. Omitted
Editorial Notes
CODIFICATION
Sections 1701g to 1701g–3 were from sections 102 to
102c of the Housing Act of 1948, and provided for loans
to aid production and distribution of prefabricated
housing; provided for loans to assure maintenance of
industrial capacity for production of such homes for
national defense; provided for the powers of the Hous-
ing and Home Finance Administrator; and included mo-
bile or portable houses within the term ‘‘prefabricated
houses’’. Authority for issuance of section 1701g obliga-
tions under section 1(4) of Reorg. Plan No. 23 of 1950 as
terminating June 30, 1954, see section 1701g–5 of this
title. Authority to make or purchase section 1701g–1
loans or obligations as terminating July 31, 1954, see
section 1591c of Title 42, The Public Health and Welfare.
Section 1701g, act Aug. 10, 1948, ch. 832, title I, § 102,
62 Stat. 1275, amended Sept. 1, 1951, ch. 378, title V, § 501,
65 Stat. 311.
Section 1701g–1, act Aug. 10, 1948, ch. 832, title I,
§ 102a, added Sept. 1, 1951, ch. 378, title V, § 502, 65 Stat.
312.
Section 1701g–2, act Aug. 10, 1948, ch. 832, title I,
§ 102b, added Sept. 1, 1951, ch. 378, title V, § 502, 65 Stat.
312; amended July 14, 1952, ch. 723, § 10(e), 66 Stat. 6
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1701g
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 1701g. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 6532
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 5317
Subsec. (g). Pub. L. 96–399, § 111(h)(1), redesignated
subsec. (g) as (b).
Subsec. (h). Pub. L. 96–399, § 111(h)(1), struck out sub-
sec. (h) relating to sources of funds to meet deficiency
in fiscal year 1977.
1976—Subsec. (h). Pub. L. 94–375 added subsec. (h).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1983 AMENDMENT
Pub. L. 98–181, title I [title I, § 110(b)], Nov. 30, 1983, 97
Stat. 1168, as amended by Pub. L. 98–479, title I,
§ 101(b)(1), Oct. 17, 1984, 98 Stat. 2220, provided that:
‘‘The amendments made by this part [part A (§§ 101–110)
of title I of Pub. L. 98–181, title I, amending this sec-
tion, sections 5301 to 5308 and 5312 of this title, and pro-
visions set out as a note under section 5305 of this title]
shall apply only to funds available for fiscal year 1984
and thereafter.’’
EFFECTIVE DATE OF 1981 AMENDMENT
Amendment by Pub. L. 97–35 effective Oct. 1, 1981, see
section 371 of Pub. L. 97–35, set out as an Effective Date
note under section 3701 of Title 12, Banks and Banking.
§ 5317. Liquidation of superseded or inactive pro-
grams
The Secretary is authorized to transfer the as-
sets and liabilities of any program which is su-
perseded or inactive by reason of this chapter to
the revolving fund for liquidating programs es-
tablished pursuant to title II of the Independent
Offices Appropriation Act, 1955 (Public Law
83–428; 68 Stat. 272, 295) [12 U.S.C. 1701g–5].
(Pub. L. 93–383, title I, § 117(b), Aug. 22, 1974, 88
Stat. 653; Pub. L. 98–479, title II, § 204(k)(2), Oct.
17, 1984, 98 Stat. 2233.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
‘‘this title’’, meaning title I of Pub. L. 93–383, Aug. 22,
1974, 88 Stat. 6
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 5317
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