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12 U.S.C. § 1701b — Short title of amendment of 1942

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

12 U.S.C. § 1701b — Short title of amendment of 1942

Page 430 TITLE 12—BANKS AND BANKING § 1701b 1 So in original. Probably should refer to the Federal Housing Finance Agency. CODIFICATION Section was enacted as part of the National Housing Act Amendments of 1938, and not as part of the Na- tional Housing Act which comprises this chapter. § 1701b. Short title of amendment of 1942 The Act of May 26, 1942, ch. 319, 56 Stat. 301, may be cited as the ‘‘National Housing Act Amendments of 1942’’. (May 26, 1942, ch. 319, § 15, 56 Stat. 305.) Editorial Notes REFERENCES IN TEXT The National Housing Act Amendments of 1942, re- ferred to in text, enacted section 1743 of this title, amended heading of subchapter VI of this chapter [pre- ceding section 1736 of this title], amended sections 1703, 1715c, 1737, 1738, 1739, and 1740 of this title, and enacted provisions set out as a note under section 1743 of this title. CODIFICATION Section was enacted as part of the National Housing Act Amendments of 1942, and not as part of the Na- tional Housing Act which comprises this chapter. § 1701c. Secretary of Housing and Urban Devel- opment In carrying out his functions, powers, and du- ties— (a) Employment of personnel; delegation of func- tions The Secretary of Housing and Urban Develop- ment may appoint such officers and employees as he may find necessary, which appointments shall be subject to the civil-service laws and chapter 51 and subchapter III of chapter 53 of title 5. The Secretary may make such expendi- tures as may be necessary to carry out his func- tions, powers, and duties, and there are author- ized to be appropriated to the Secretary, out of any moneys in the Treasury not otherwise ap- propriated, such sums as may be necessary to carry out such functions, powers, and duties and for administrative e

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Stable record: federal_law:legal_authorities:usc2024-823a1bccf4db4653928b554a
Source file: Laws/federal/codes/united-states-code-2024/title-12/section-1701b-short-title-of-amendment-of-1942--23094504c0.md
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Source location: USCODE-2024-title12-chap13-sec1701b.pdf

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Page 430 TITLE 12—BANKS AND BANKING § 1701b 1 So in original. Probably should refer to the Federal Housing Finance Agency. CODIFICATION Section was enacted as part of the National Housing Act Amendments of 1938, and not as part of the Na- tional Housing Act which comprises this chapter. § 1701b. Short title of amendment of 1942 The Act of May 26, 1942, ch. 319, 56 Stat. 301, may be cited as the ‘‘National Housing Act Amendments of 1942’’. (May 26, 1942, ch. 319, § 15, 56 Stat. 305.) Editorial Notes REFERENCES IN TEXT The National Housing Act Amendments of 1942, re- ferred to in text, enacted section 1743 of this title, amended heading of subchapter VI of this chapter [pre- ceding section 1736 of this title], amended sections 1703, 1715c, 1737, 1738, 1739, and 1740 of this title, and enacted provisions set out as a note under section 1743 of this title. CODIFICATION Section was enacted as part of the National Housing Act Amendments of 1942, and not as part of the Na- tional Housing Act which comprises this chapter. § 1701c. Secretary of Housing and Urban Devel- opment In carrying out his functions, powers, and du- ties— (a) Employment of personnel; delegation of func- tions The Secretary of Housing and Urban Develop- ment may appoint such officers and employees as he may find necessary, which appointments shall be subject to the civil-service laws and chapter 51 and subchapter III of chapter 53 of title 5. The Secretary may make such expendi- tures as may be necessary to carry out his func- tions, powers, and duties, and there are author- ized to be appropriated to the Secretary, out of any moneys in the Treasury not otherwise ap- propriated, such sums as may be necessary to carry out such functions, powers, and duties and for administrative expenses in connection there- with. The Secretary, without in any way reliev- ing himself from final responsibility, may dele- gate any of his functions and powers to such of- ficers, agents, or employees as he may des- ignate, may authorize such successive redelega- tions of such functions and powers, as he may deem desirable, and may make such rules and regulations as may be necessary to carry out his functions, powers, and duties. (b) Omitted (c) Additional powers and duties of Secretary and Federal Home Loan Bank Board The Secretary of Housing and Urban Develop- ment, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, respec- tively, may, in addition to and not in derogation of any powers and authorities conferred else- where in this Act— (1) with the consent of the agency or organi- zation concerned, accept and utilize equip- ment, facilities, or the services of employees of any Federal, State, or local public agency or instrumentality, educational institution, or nonprofit agency or organization and, in con- nection with the utilization of such services, may make payments for transportation while away from their homes or regular places of business and per diem in lieu of subsistence en route and at place of such service, in accord- ance with the provisions of section 5703 of title 5; (2) utilize, contract with and act through, without regard to section 6101 of title 41, any Federal, State, or local public agency or in- strumentality, educational institution, or non-profit agency or organization with the consent of the agency or organization con- cerned, and any funds available to said officers for carrying out their respective functions, powers, and duties shall be available to reim- burse or pay any such agency or organization; and, whenever in the judgment of any such of- ficer necessary, he may make advance, progress, or other payments with respect to such contracts without regard to the provi- sions of subsections (a) and (b) of section 3324 of title 31; and (3) make expenditures for all necessary ex- penses, including preparation, mounting, ship- ping, and installation of exhibits; purchase and exchange of technical apparatus; and such other expenses as may, from time to time, be found necessary in carrying out their respec- tive functions, powers, and duties: Provided, That funds made available for administrative expenses in carrying out the functions, pow- ers, and duties imposed upon the Secretary of Housing and Urban Development and the Fed- eral Home Loan Bank Agency,1 respectively, by or pursuant to law may at their option be consolidated into a single administrative ex- pense fund accounts of such officer or agency for expenditure by them, respectively, in ac- cordance with the provisions hereof. (d) Use of funds for library memberships The Secretary of Housing and Urban Develop- ment may utilize funds made available to him for salaries and expenses for payment in advance for dues or fees for library memberships in orga- nizations (or for membership of the individual librarians in organizations which will not accept library membership) whose publications are available to members only, or to members at a price lower than to the general public, and for payment in advance for publications available only upon that basis or available at a reduced price on prepublication order. (Aug. 10, 1948, ch. 832, title V, § 502, 62 Stat. 1283; Oct. 28, 1949, ch. 782, title XI, § 1106(a), 63 Stat. 972; Apr. 20, 1950, ch. 94, title V, § 503, 64 Stat. 80; Pub. L. 87–70, title IX, § 909, June 30, 1961, 75 Stat. 192; Pub. L. 90–19, § 5(d)(1)–(3), (8)–(13), May 25, 1967, 81 Stat. 21; Pub. L. 98–479, title II, §§ 202(b), 203(c), Oct. 17, 1984, 98 Stat. 2228, 2229; Pub. L. 100–242, title V, § 570(a)(1), (3), Feb. 5, 1988, 101 Stat. 1949, 1950; Pub. L. 101–73, title III, § 306, Aug. 9, 1989, 103 Stat. 352; Pub. L. 111–203, title III, § 370, July 21, 2010, 124 Stat. 1565.)

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

12 U.S.C. § 1701b — Authorization of appropriations for General and Special Risk Insurance Funds

There are authorized to be appropriated such sums as may be necessary for each of fiscal years 1994 and 1995, to be allocated in any manner that the Secretary determines appropriate, for the following costs incurred in conjunction with programs authorized under the General Insurance Fund, as provided by [section 1735c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1735c&num=0&edition=prelim), and the Special Risk Insurance Fund, as provided by [section 1715z–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715z-3&num=0&edition=prelim): (1) The cost to the Government, as defined in section 661a 11 See References in Text note below. of title 2, of new insurance commitments. (2) The cost to the Government, as defined in section 661a 1 of title 2, of modifications to existing loans, loan guarantees, or insurance commitments. (3) The cost to the Government, as defined in section 661a 1 of title 2, of loans provided under [section 1701z–11(f) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z–11/f&num=0&edition=prelim). (4) The costs of the rehabilitation of multifamily housing projects (as defined in [section 1701z–11(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z–11/b&num=0&edition=prelim)) upon disposition by the Secretary.

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