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Code · BILL · 113th Congress · H.R. 2767 (Introduced in House) — To protect American taxpayers and homeowners by creating a sustainable housing finance system for the 21st century. · Sec. 314

Sec. 314. Funding

144 words·~1 min read·/bill/113/hr/2767/ih/section-314·

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There is authorized to be appropriated $150,000,000 for the establishment and initial oversight, regulation, and supervision of the Utility and its operation. The Utility shall repay to the Treasury of the United States the amount of the initial funding provided in subsection
(a)within the 10-year period beginning on the date that the Utility is chartered. After establishment, all expenses of the Utility shall be paid for by fees collected based on services provided by and operations of the Utility. The Utility shall— establish, subject to the approval of the Director, a fee schedule and may differentiate fees based on classes or types of services, operations, and users of services or operations, and such differentiation shall not be deemed discriminatory; and review and publish the fee schedule not less frequently than annually, but may review, revise, and publish the schedule more frequently than annually.
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