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12 U.S.C. § 1701b — Short title of amendment of 1942
Federal law — U.S. Code and appendices · legal_authorities
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
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1701b
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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
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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701b
Stored review status: release_metadata_unconfirmed. Same stored citation; legal effect and authority still require review.