12 U.S.C. § 1701n — Reduction of vulnerability of congested

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 Section 6(a) of Reorg. Plan No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 647, set out in the Appendix to Title 5, Government Organization and Employees, abolished Reconstruction Finance Corporation. § 1701n. Reduction of vulnerability of congested urban areas to enemy attack The Department of Housing and Urban Devel- opment, and any other departments or agencies of the Federal Government having powers, func- tions, or duties with respect to housing under any law shall exercise such powers, functions, or duties in such manner as, consistent with the re- quirements thereof, will facilitate progress in the reduction of the vulnerability of congested urban areas to enemy attack. (Aug. 2, 1954, ch. 649, title VIII, § 811, 68 Stat. 646; Pub. L. 90–19, § 10(g), May 25, 1967, 81 Stat. 23.) Editorial Notes CODIFICATION Section was enacted as part of the Housing Act of 1954, and not as part of the National Housing Act which comprises this chapter. AMENDMENTS 1967—Pub. L. 90–19 substituted ‘‘Department of Hous- ing and Urban Development’’ for ‘‘Housing and Home Finance Agency, including its constituent agencies’’. § 1701o. Annual report of Secretary The Secretary of Housing and Urban Develop- ment shall, as soon as practicable during each calendar year, make a report to the President for submission to the Congress on all operations and programs (including but not limited to the insurance, urban renewal, public housing, and rent supplement programs) under the jurisdic- tion of the Department of Housing and Urban Development during the previous calendar year. Such report shall contain recommendations for strengthening or improving such programs, or, when necessary to implement more effectively Congressional policies and purposes, for estab- lishing new or alternative programs. (Aug. 2, 1954, ch. 649, title VIII, § 802(a), 68 Stat. 642; Pub. L. 89–117, title XI, § 1101, Aug. 10, 1965, 79 Stat. 502; Pub. L. 90–19, § 10(f), May 25, 1967, 81 Stat. 23; Pub. L. 100–242, title V, § 570(b), Feb. 5, 1988, 101 Stat. 1950.) Editorial Notes CODIFICATION Section was enacted as part of the Housing Act of 1954, and not as part of the National Housing Act which comprises this chapter. AMENDMENTS 1988—Pub. L. 100–242 inserted section catchline ‘‘An- nual report of Secretary’’. 1967—Pub. L. 90–19 struck out ‘‘FHA’’ before ‘‘insur- ance’’ and substituted ‘‘Secretary of Housing and Urban Development’’ and ‘‘Department of Housing and Urban Development’’ for ‘‘Housing and Home Finance Administrator’’ and ‘‘Housing and Home Finance Agen- cy’’, respectively. 1965—Pub. L. 89–117 specifically included FHA insur- ance, urban renewal, public housing, and rent supple- ment programs within the operation and programs of the Housing and Home Finance Agency which the re- port shall cover and inserted requirement that the re- port contain recommendations for improving programs and for new or alternative programs. § 1701p. Contents of report to President and Con- gress The annual report made by the Secretary of Housing and Urban Development to the Presi- dent for submission to the Congress on all oper- ations provided for by section 1701o of this title shall contain pertinent information with respect to all projects for which any loan, contribution, or grant has been made by the Department of Housing and Urban Development, including the amount of loans, contributions and grants con- tracted for. (Aug. 2, 1954, ch. 649, title VIII, § 817, 68 Stat. 648; Pub. L. 90–19, § 10(j), May 25, 1967, 81 Stat. 23; Pub. L. 97–375, title II, § 207(a), Dec. 21, 1982, 96 Stat. 1824.) Editorial Notes CODIFICATION Section was enacted as part of the Housing Act of 1954, and not as part of the National Housing Act which comprises this chapter.