2011 US Code
Title 12 - Banks and Banking
Chapter 12 - SAVINGS ASSOCIATIONS (§§ 1461 - 1470)
Section 1469 - Authority to invest in State housing corporations
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 12 - BANKS AND BANKING CHAPTER 12 - SAVINGS ASSOCIATIONS Sec. 1469 - Authority to invest in State housing corporations |
Contains | section 1469 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 93-100, §5(a), Aug. 16, 1973, 87 Stat. 343. |
Statutes at Large Reference | 87 Stat. 343 |
Public Law References | Public Law 93-100 |
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The Congress finds that Federal savings and loan associations and national banks should have the authority to assist in financing the organization and operation of any State housing corporation established under the laws of the State in which the corporation will carry on its operation. It is the purpose of this section to provide a means whereby private financial institutions can assist in providing housing, particularly for families of low- or moderate-income, by purchasing stock of and investing in loans to any such State housing corporation situated in the particular State in which the Federal savings and loan association or national bank involved is located.
(Pub. L. 93–100, §5(a), Aug. 16, 1973, 87 Stat. 343.)
References in TextThis section, referred to in text, means section 5 of Pub. L. 93–100, which enacted this section and section 1470 of this title and amended sections 24 and 1464 of this title.
CodificationSection was not enacted as part of the Home Owners’ Loan Act of 1933 which comprises this chapter.
Effective DateSection 8 of Pub. L. 93–100 provided that: “The provisions of this Act [enacting this section and sections 1470 and 1832 of this title, amending sections 24, 461 note, 1464, 1725, 1727 and 1828 of this title, and enacting provisions set out as notes under section 548 of this title] shall take effect on the thirtieth day after the date of its enactment [Aug. 16, 1973], except that the amendments made by sections 1 and 5 [enacting this section and section 1470 of this title and amending sections 24, 461 note, and 1464 of this title] shall take effect on the date of enactment of this Act [Aug. 16, 1973].”
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