Sec. 306. * * *
156 words·~1 min read·
/statute-compilations/comps-10835/sec-306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 306 * * * ###
(b)**[**[12 U.S.C. 1721 note](/us/usc/t12/s1721)**]** In connection with the sale of any mortgages to the Government National Mortgage Association pursuant to section 306(e) of the Federal National Mortgage Association Charter Act, the Secretary of Housing and Urban Development is authorized and any other official, unit, or agency selling such mortgages thereunder is directed, to transfer to the Association from time to time, from authorizations, limitations, and funds available for administrative expenses of such official, unit, or agency in connection with the same mortgages, such amounts thereof as said Secretary determines to be required for administrative expenses of the Association in connection with the purchase, servicing, and sale of such mortgages: *Provided,* That no such transfer shall be made after a budget estimate of the Association with respect to the same mortgages has been submitted to and finally acted upon by the Congress. * * * * * * *
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