Sec. 4027. Direct appropriation
161 words·~1 min read·
/bill/116/hr/748/eas/section-4027·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, there is appropriated, out of amounts in the Treasury not otherwise appropriated, to the fund established under section 5302(a)(1) of title 31, United States Code, $500,000,000,000 to carry out this subtitle. Section 5302(a) of title 31, United States Code, is amended— by striking and before section 3 ; and by inserting and the before Coronavirus Economic Stabilization Act of 2020 , and for investing . On or after January 1, 2021, any remaining funds made available under section 4003(b) may be used only for— modifications, restructurings, or other amendments of loans, loan guarantees, or other investments in accordance with section 4029(b)(1); and exercising any options, warrants, or other investments made prior to January 1, 2021; and paying costs and administrative expenses as provided in section 4003(f).
On January 1, 2026, any funds described in paragraph
(1)that are remaining shall be transferred to the general fund of the Treasury to be used for deficit reduction.