§ 2708. — Authorization of appropriations; limitations; expiration date for loans and advances of credit.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
TITLE 12--BANKS AND BANKING
CHAPTER 28--EMERGENCY MORTGAGE RELIEF
Sec. 2708. Authorization of appropriations; limitations;
expiration date for loans and advances of credit
(a) There are authorized to be appropriated for purposes of this
chapter such sums as may be necessary, except that the funds authorized
to be appropriated for section 2705 of this title shall not exceed
$500,000,000. Any amounts so appropriated shall remain available until
(b) No loans or advance of credit shall be insured and no emergency
mortgage relief payments made under this chapter after September 30,
1977, except if such loan or advance or such payments are made with
respect to a mortgagor receiving the benefit of a loan or advance
insured, or emergency mortgage relief payments made, under this chapter
on such date.
(Pub. L. 94-50, title I, Sec. 109, July 2, 1975, 89 Stat. 253; Pub. L.
94-375, Sec. 13(a), Aug. 3, 1976, 90 Stat. 1075.)
1976--Subsec. (b). Pub. L. 94-375 substituted ``September 30, 1977''
for ``June 30, 1976''.