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Code · STATUTE-COMPILATIONS · Multifamily Mortgage Foreclosure Act of 1981 · Sec. 658J

Sec. 658J. PAYMENTS

165 words·~1 min read·/statute-compilations/comps-10576/sec-658j·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 658J PAYMENTS ###
(a)In General Subject to the availability of appropriations, a State that has an application approved by the Secretary under section 658E(d) shall be entitled to a payment under this section for each fiscal year in an amount equal to its allotment under section 658O for such fiscal year. ###
(b)Method of Payment ####
(1)In general Subject to paragraph (2), the Secretary may make payments to a State in installments, and in advance or by way of reimbursement, with necessary adjustments on account of overpayments or underpayments, as the Secretary may determine. ####
(2)Limitation The Secretary may not make such payments in a manner that prevents the State from complying with the requirement specified in section 658E(c)(3). ###
(c)Spending of Funds by State Payments to a State from the allotment under section 658O for any fiscal year may be obligated by the State in that fiscal year or in the succeeding fiscal year. **[**[42 U.S.C. 9858h](/us/usc/t42/s9858h)**]**
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Sec. 658J
PAYMENTS
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