§712a. Limitation of obligations for administrative expenses of certain agencies; limitation on life of certain agencies — Inbound Citations
15 U.S.C. § 712a
Cited by 2 provisions in release 119-102.
Citations to 15 U.S.C. § 712a as a whole
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All moneys and funds heretofore deposited in the Treasury of the United States under the last sentence of section 14391 of this title (including unexpended balances of moneys appropriated therefrom for administrative expenses), and hereafter all moneys and funds which would, except for this provision, be so depositable thereunder, shall be deposited with the Treasurer of the United States in a special deposit account and shall be available, retroactively as well as prospectively, for expenditure for all purposes of the Federal Home Loan Bank Board and the Federal Home Loan Bank Administration, subject to subsections (a) and (b) of section 712a of title 15.
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On and after May 10, 1939 all necessary expenses in connection with the management and operation of projects transferred to the Authority by Executive Order Numbered 7732 of October 27, 1937, as modified by Executive Order Numbered 7839 of March 12, 1938, may be considered as nonadministrative expenses, notwithstanding the provisions of section 712a of title 15, and be paid from the rents received from each transferred project.