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12 U.S.C. § 1701n — Rules and regulations
Federal law — U.S. Code and appendices · legal_authorities
The Secretary may make such rules and regulations as may be necessary or desirable to carry out the provisions of this subchapter, including, without limiting the foregoing, rules and regulations relating to the maintenance by the investor of books, records, and accounts with respect to the project and the examination of such books, records, and accounts by representatives of the Secretary; the submission of financial and operating statements and the approval thereof; the submission of claims for payments under insurance contracts, the proof of the validity of such claims, and the payment or disallowance thereof; the increase of the established investment if the investor shall make capital improvements or additions to the project; the decrease of the established investment if the investor shall sell part of the project; and the reduction of the outstanding investment for the appropriate operating year or operating years pending the restoration of dwelling or nondwelling facilities damaged by fire or other casualty. With respect to any investor which is subject to supervision or regulation by a State banking, insurance, or other State department or agency, the Secretary may, in carrying out any of his supervisory and regulatory functions with respect to projects insured under this subchapter, utilize, contract with, and act through, such department or agency and without regard to [section 6101 of title 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title41-section6101&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-12/section-1701n-rules-and-regulations--18e9b45e8d.md
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Source location: Title 12, Chapter 13, § 1701n; chapter-013-national-housing.md
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The Secretary may make such rules and regulations as may be necessary or desirable to carry out the provisions of this subchapter, including, without limiting the foregoing, rules and regulations relating to the maintenance by the investor of books, records, and accounts with respect to the project and the examination of such books, records, and accounts by representatives of the Secretary; the submission of financial and operating statements and the approval thereof; the submission of claims for payments under insurance contracts, the proof of the validity of such claims, and the payment or disallowance thereof; the increase of the established investment if the investor shall make capital improvements or additions to the project; the decrease of the established investment if the investor shall sell part of the project; and the reduction of the outstanding investment for the appropriate operating year or operating years pending the restoration of dwelling or nondwelling facilities damaged by fire or other casualty. With respect to any investor which is subject to supervision or regulation by a State banking, insurance, or other State department or agency, the Secretary may, in carrying out any of his supervisory and regulatory functions with respect to projects insured under this subchapter, utilize, contract with, and act through, such department or agency and without regard to [section 6101 of title 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title41-section6101&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions.—** In this section—
(1) **Appropriation.—** — The term “appropriation” includes amounts made available by legislation under [section 9104 of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section9104&num=0&edition=prelim).
(2) **Federal government.—** — The term “Federal Government” includes the government of the District of Columbia.
**(b) Purchases.—**
(1) **In general.—** — Unless otherwise provided in the appropriation concerned or other law, purchases and contracts for supplies or services for the Federal Government may be made or entered into only after advertising for proposals for a sufficient time.
(2) **Limitations on applicability.—** — Paragraph (1) does not apply when—
(A) the amount involved in any one case does not exceed $25,000;
(B) public exigencies require the immediate delivery of articles or performance of services;
(C) only one source of supply is available and the Federal Government purchasing or contracting officer so certifies; or
(D) services are required to be performed by a contractor in person and are—
(i) of a technical and professional nature; or
(ii) under Federal Government supervision and paid for on a time basis.
**(c) Sales.—** Except when otherwise authorized by law or when the reasonable value involved in any one case does not exceed $500, sales and contracts of sale by the Federal Government are governed by the requirements of this section for advertising.
**(d) Application to Wholly Owned Government Corporations.—** For wholly owned Government corporations, this section applies only to administrative transactions.
Source: Supplied U.S. Code snapshot — release unconfirmed · 41 U.S.C. § 6101
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Federal law — U.S. Code and appendices · legal_authorities
Page 445
TITLE 12—BANKS AND BANKING
§ 1701p
the Housing and Home Finance Agency pursuant
to Reorganization Plan Numbered 23 of 1950 (64
Stat. 1279), to the extent of the net loss, as de-
termined by the Secretary of the Treasury, sus-
tained by said Agency in the liquidation of de-
faulted loans. The net loss shall be the sum of
the unpaid principal and advances for care and
preservation of collateral, together with accrued
and unpaid interest on said principal and ad-
vances, and all expenses and costs (other than
those subject to administrative expense limita-
tions) in connection with the liquidation of de-
faulted loans, less the amount actually realized
by the Housing and Home Finance Agency on ac-
count of such defaulted loans.
(July 14, 1952, ch. 723, § 9, 66 Stat. 603.)
Editorial Notes
REFERENCES IN TEXT
Reorganization Plan Numbered 23 of 1950, referred to
in text, is set out in the Appendix to Title 5, Govern-
ment Organization and Employees.
CODIFICATION
Section was enacted as part of the Housing Act of
1952, and not as part of the National Housing Act which
comprises this chapter.
Statutory Notes and Related Subsidiaries
TRANSFER OF FUNCTIONS
Functions, powers, and duties of Housing and Home
Finance Agency and its Administrator transferred to
and vested in Secretary of Housing and Urban Develop-
ment by Pub. L. 89–174, § 5, Sept. 9, 1965, 79 Stat. 669,
classified to section 3534 of Title 42, The Public Health
and Welfare.
TERMINATION AND LIQUIDATION OF RECONSTRUCTION
FINANCE CORPORATION
Termination on June 30, 1954, of Reconstruction Fi-
nance Corporation and liquidation thereof, see sections
608 and 609 of Title 15, Commerce and Trade, and notes
thereunder.
Executive Documents
ABOLITION OF RECONSTRUCTION FINANCE CORPORATION
Secti
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1701n
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