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Code · STATUTE-COMPILATIONS · National Housing Act. · Sec. 307

Sec. 307. separate accountability

106 words·~1 min read·/statute-compilations/comps-10343/sec-307

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## Sec. 307 separate accountability **[**[12 U.S.C. 1722](/us/usc/t12/s1722)**]** All of the benefits and burdens incident to the administration of the functions and operations of the Association under sections 305 and 306, respectively, of this title, after allowance for related obligations of the Association, its prorated expenses, and the like, including amounts required for the establishment of such reserves as the Secretary of Housing and Urban Development shall deem appropriate, shall inure solely to the Secretary of the Treasury, and such related earnings or other amounts as become available shall be paid annually by the Association to the Secretary of the Treasury for covering into miscellaneous receipts.
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Sec. 307
separate accountability
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