Sec. 2. Amounts received from release of Federal National Mortgage Association and Federal Home Loan Mortgage Corporation
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/bill/119/hr/4266/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, any amounts received by the Federal Government as a result of the release of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall be transferred to a trust fund to be used solely for the purpose described in section 3 for a period of 10 years after the date of such transfer. On the date that is 10 years after the transfer described in subsection (a), the capitalization loans described in section 3 shall be paid back by the States to the General Fund of the Treasury, dedicated for the sole purpose of deficit reduction.