2016 US Code
Title 42 - The Public Health and Welfare
Chapter 8 - Low-Income Housing
Subchapter I - General Program of Assisted Housing
Sec. 1437z-2 - Public housing mortgages and security interests
| 42 U.S.C. § 1437z-2 (2016) |
| §1437z–2. Public housing mortgages and security interests |
|
(a) General authorization
The Secretary may, upon such terms and conditions as the Secretary may prescribe, authorize a public housing agency to mortgage or otherwise grant a security interest in any public housing project or other property of the public housing agency. (b) Terms and conditionsIn making any authorization under subsection (a), the Secretary may consider— (1) the ability of the public housing agency to use the proceeds of the mortgage or security interest for low-income housing uses; (2) the ability of the public housing agency to make payments on the mortgage or security interest; and (3) such other criteria as the Secretary may specify. No action taken under this section shall result in any liability to the Federal Government. |
|
(Sept. 1, 1937, ch. 896, title I, §30, as added Pub. L. 105–276, title V, §516, Oct. 21, 1998, 112 Stat. 2550.) |
|
EFFECTIVE DATE
Section effective and applicable beginning upon Oct. 1, 1999, except as otherwise provided, with provision that Secretary may implement section before such date except to extent otherwise provided, see section 503 of Pub. L. 105–276, set out as an Effective Date of 1998 Amendment note under section 1437 of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 8 - LOW-INCOME HOUSING SUBCHAPTER I - GENERAL PROGRAM OF ASSISTED HOUSING Sec. 1437z-2 - Public housing mortgages and security interests |
| section 1437z-2 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 112 Stat. 2550 |
| Public Law 105-276 |
