Sec. 3. Use of Hardest Hit Fund amounts for demolition activities
193 words·~1 min read·
/bill/113/hr/656/ih/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any provision of title I of the Emergency Economic Stabilization Act of 2008 ( 12 U.S.C. 5211 et seq. ), any regulation, guidance, order, or other directive of the Secretary of the Treasury, or any agreement (or amendment thereto) entered into under the Hardest Hit Fund program of the Secretary under such title I, any amounts of assistance that have been, or are, allocated for or provided to a State or State agency through the Hardest Hit Fund program may be used, without limitation, to demolish blighted structures.
If, upon the expiration of the 24-month period beginning on the date of the enactment of this Act, any State or State agency is holding any amounts of assistance described in subsection
(a)or any amounts of such assistance allocated for such State or State agency have not been disbursed to such State or agency, the Secretary shall remit to the Treasury an amount equal to 25 percent of the aggregate amount, as of such date, of such held and undisbursed funds. The Secretary shall recapture from such State or State agency any amounts of such held funds necessary to carry out this subsection.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 3
Use of Hardest Hit Fund amounts for demolition activities
Cites 1Cited by 0 across 0 sources