1994 US Code
Title 42 - THE PUBLIC HEALTH AND WELFARE
CHAPTER 38 - PUBLIC WORKS AND ECONOMIC DEVELOPMENT
SUBCHAPTER II - LOANS, LOAN GUARANTEES, AND ECONOMIC DEVELOPMENT REVOLVING FUND
Sec. 3143 - Economic Development Revolving Fund
View Metadata| Publication Title | United States Code, 1994 Edition, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 38 - PUBLIC WORKS AND ECONOMIC DEVELOPMENT SUBCHAPTER II - LOANS, LOAN GUARANTEES, AND ECONOMIC DEVELOPMENT REVOLVING FUND Sec. 3143 - Economic Development Revolving Fund |
| Contains | section 3143 |
| Date | 1994 |
| Laws in Effect as of Date | January 4, 1995 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 89-136, title II, §203, Aug. 26, 1965, 79 Stat. 558; Pub. L. 94-273, §2(25), Apr. 21, 1976, 90 Stat. 376. |
| Statutes at Large References | 75 Stat. 47 79 Stat. 558, 79 90 Stat. 376 |
| Public Law References | Public Law 87-27, Public Law 89-15, Public Law 89-136, Public Law 94-273 |
§3143. Economic Development Revolving Fund
Funds obtained by the Secretary under section 3141 of this title, loan funds obtained under section 3171 of this title, and collections and repayments received under this chapter, shall be deposited in an economic development revolving fund (hereinafter referred to as the “fund”), which is hereby established in the Treasury of the United States, and which shall be available to the Secretary for the purpose of extending financial assistance under sections 3141, 3142, and 3171 of this title, and for the payment of all obligations and expenditures arising in connection therewith. There shall also be credited to the fund such funds as have been paid into the area redevelopment fund or may be received from obligations outstanding under the Area Redevelopment Act [42 U.S.C. 2501 et seq.]. The fund shall pay into miscellaneous receipts of the Treasury, following the close of each fiscal year, interest on the amount of loans outstanding under this chapter computed in such manner and at such rate as may be determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, adjusted to the nearest one-eighth of 1 per centum, during the month of September preceding the fiscal year in which the loans were made.
(Pub. L. 89–136, title II, §203, Aug. 26, 1965, 79 Stat. 558; Pub. L. 94–273, §2(25), Apr. 21, 1976, 90 Stat. 376.)
References in TextThe Area Redevelopment Act, referred to in text, is Pub. L. 87–27, May 1, 1961, 75 Stat. 47, which was classified principally to former chapter 28 (§2501 et seq.) of this title, and was omitted from the Code, with the exception of sections 2513 and 2514 of this title, which were repealed by Pub. L. 89–15, §9(b), Apr. 26, 1965, 79 Stat. 79. See sections 3161 and 3162 of this title.
Amendments1976—Pub. L. 94–273 substituted “September” for “June”.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
