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42 U.S.C. § 12857 — Authorization of appropriations

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

42 U.S.C. § 12857 — Authorization of appropriations

There are authorized to be appropriated for assistance payments under this subchapter $520,665,600 for fiscal year 1993 and $542,533,555 for fiscal year 1994, of which such sums as may be necessary shall be available in each such fiscal year for use under [section 12852(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12852/e&num=0&edition=prelim). Any amount appropriated under this section shall be deposited in the Fund and shall remain available until expended, subject to the provisions of section 12858 11 See References in Text note below. of this title.

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Source location: Title 42, Chapter 130, § 12857; chapter-130-national-affordable-housing.md

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

42 U.S.C. § 12858 — Transition

**(a) Authority of Secretary** Upon the termination of the Trust as provided in [section 12859 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12859&num=0&edition=prelim), the Secretary of Housing and Urban Development shall exercise any authority of the Board of Directors and the Trust in accordance with the provisions of this subchapter as may be necessary to provide for the conclusion of the outstanding affairs of the Trust. **(b) Applicability of Trust provisions** Any assistance under this subchapter shall, after termination of the Trust, be subject to the provisions of this subchapter that would have applied to such assistance if the termination had not occurred. **(c) Certification of Fund to Treasury** Upon a determination by the Secretary of Housing and Urban Development that the National Homeownership Trust Fund is no longer necessary, the Secretary shall certify any amounts remaining in the Fund to the Secretary of the Treasury and the Secretary of the Treasury shall deposit into the general fund of the Treasury as miscellaneous receipts any amounts remaining in the Fund.

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

42 U.S.C. § 12853 — National Homeownership Trust Fund

**(a) Establishment** There is established in the Treasury of the United States a revolving fund, to be known as the National Homeownership Trust Fund. **(b) Assets** The Fund shall consist of— (1) any amount approved in appropriation Acts under [section 12857 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12857&num=0&edition=prelim) for purposes of carrying out this subchapter; (2) any amount received by the Trust as repayment for payments made under this subchapter; and (3) any amount received by the Trust under subsection (d). **(c) Use of amounts** The Fund shall, to the extent approved in appropriations Acts, be available to the Trust for purposes of carrying out this subchapter. **(d) Investment of excess amounts** Any amounts in the Fund determined by the Trust to be in excess of the amounts currently required to carry out the provisions of this subchapter shall be invested by the Trust in obligations of, or obligations guaranteed as to both principal and interest by, the United States or any agency of the United States. **(e) Demonstration programs** Using not more than $20,000,000 of any amounts appropriated for the Fund under [section 12857 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12857&num=0&edition=prelim) in fiscal year 1991, the Secretary shall carry out demonstration programs for combining housing activities and economic development activities, as follows: (1) In Milwaukee, Wisconsin, in an amount not to exceed $4,200,000, for development, rehabilitation, and revitalization of 2 vacant structures in a blighted minority neighborhood. (2) In Washington, District of Columbia, in an amount not to exceed $10,000,000, for nonprofit neighborhood-based groups to

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

42 U.S.C. § 12857 — Authorization of appropriations

Page 8487 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12870 1 See References in Text note below. 1 See References in Text note below. (4) Single parent The term ‘‘single parent’’ means an indi- vidual who— (A) is unmarried or legally separated from a spouse; and (B)(i) has 1 or more minor children for whom the individual has custody or joint custody; or (ii) is pregnant. (5) State The term ‘‘State’’ means the States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Common- wealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other territory or possession of the United States. (6) Trust The term ‘‘Trust’’ means the National Homeownership Trust established in section 12851 of this title. (Pub. L. 101–625, title III, § 305, Nov. 28, 1990, 104 Stat. 4132.) Executive Documents TERMINATION OF TRUST TERRITORY OF THE PACIFIC ISLANDS For termination of Trust Territory of the Pacific Is- lands, see note set out preceding section 1681 of Title 48, Territories and Insular Possessions. § 12855. Regulations The Board of Directors shall issue any regula- tions necessary to carry out this subchapter. (Pub. L. 101–625, title III, § 306, Nov. 28, 1990, 104 Stat. 4133.) § 12856. Report The Board of Directors shall submit to the Congress, not later than the expiration of the 90- day period beginning on the date of the termi- nation of the Trust under section 12859 of this title, a report containing a description of the ac- tivities of the Trust and an analysis of the effec- tiveness of the Trust in assisting first-time homebuyers. (Pub. L. 101–625, title III, § 307, Nov. 28, 1990, 104 Stat. 4133.) § 12857. Authorization of appropriations Th

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