2011 US Code
Title 42 - The Public Health and Welfare
Chapter 130 - NATIONAL AFFORDABLE HOUSING (§§ 12701 - 12899i)
Subchapter III - NATIONAL HOMEOWNERSHIP TRUST DEMONSTRATION (§§ 12851 - 12859)
Section 12858 - Transition
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, 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 130 - NATIONAL AFFORDABLE HOUSING SUBCHAPTER III - NATIONAL HOMEOWNERSHIP TRUST DEMONSTRATION Sec. 12858 - Transition |
| Contains | section 12858 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 101-625, title III, §309, Nov. 28, 1990, 104 Stat. 4133. |
| Statutes at Large Reference | 104 Stat. 4133 |
| Public Law Reference | Public Law 101-625 |
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Upon the termination of the Trust as provided in section 12859 of this title, the Secretary of Housing and Urban Development shall exercise any authority of the Board of Directors and the Trust in accordance with the provisions of this subchapter as may be necessary to provide for the conclusion of the outstanding affairs of the Trust.
(b) Applicability of Trust provisionsAny assistance under this subchapter shall, after termination of the Trust, be subject to the provisions of this subchapter that would have applied to such assistance if the termination had not occurred.
(c) Certification of Fund to TreasuryUpon a determination by the Secretary of Housing and Urban Development that the National Homeownership Trust Fund is no longer necessary, the Secretary shall certify any amounts remaining in the Fund to the Secretary of the Treasury and the Secretary of the Treasury shall deposit into the general fund of the Treasury as miscellaneous receipts any amounts remaining in the Fund.
(Pub. L. 101–625, title III, §309, Nov. 28, 1990, 104 Stat. 4133.)
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