§ 3337. — Startup funding.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC3337]
TITLE 12--BANKS AND BANKING
CHAPTER 34A--APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL
Sec. 3337. Startup funding
(a) In general
For purposes of this chapter, the Secretary of the Treasury shall
pay to the Appraisal Subcommittee a one-time payment of $5,000,000 on
August 9, 1989. Thereafter, expenses of the subcommittee shall be funded
through the collection of registry fees from certain certified and
licensed appraisers pursuant to section 3338 of this title or, if
required, pursuant to section 3351(b) \1\ of this title.
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\1\ See References in Text note below.
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(b) Additional funds
Except as provided in section 3351(b) \1\ of this title, funds in
addition to the funds provided under subsection (a) of this section may
be made available to the Appraisal Subcommittee only if authorized and
appropriated by law.
(c) Repayment of Treasury loan
Not later than September 30, 1998, the Appraisal Subcommittee shall
repay to the Secretary of the Treasury the unpaid portion of the
$5,000,000 paid to the Appraisal Subcommittee pursuant to this section.
(Pub. L. 101-73, title XI, Sec. 1108, Aug. 9, 1989, 103 Stat. 513; Pub.
L. 104-208, div. A, title II, Sec. 2212, Sept. 30, 1996, 110 Stat. 3009-
411.)
References in Text
Section 3351(b) of this title, referred to in text, was redesignated
section 3351(c) of this title by Pub. L. 103-325, title III,
Sec. 315(1), Sept. 23, 1994, 108 Stat. 2222.
Amendments
1996--Subsec. (c). Pub. L. 104-208 added subsec. (c).
