---
kind: "section"
citation: "12 U.S.C. § 5228"
title: "12"
title_heading: "Banks and Banking"
number: "5228"
heading: "Funding"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5228"
units:
  - "Chapter 52 — Emergency Economic Stabilization"
  - "Subchapter I — Troubled Assets Relief Program"
---

# §5228. Funding


For the purpose of the authorities granted in this chapter, and for the costs of administering those authorities, the [Secretary](/usc/12/5202.md?p=7) may use the proceeds of the sale of any securities issued under [chapter 31](/usc/31/chstIII/ch31.md) of title 31, and the purposes for which securities may be issued under [chapter 31](/usc/31/chstIII/ch31.md) of title 31 are extended to include actions authorized by this chapter, including the payment of administrative expenses. Any [funds](/usc/12/5202.md?p=6) expended or obligated by the [Secretary](/usc/12/5202.md?p=7) for actions authorized by this chapter, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure or obligation.


## Source credit

(Pub. L. 110–343, div. A, title I, § 118, Oct. 3, 2008, 122 Stat. 3786.)

## Notes

### Editorial Notes

### References in Text

This chapter, referred to in text, was in the original “this Act” and was translated as reading “this division”, meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.