§ 9061. Direct appropriation

273 words·~1 min read·/usc/title-15/section-9061

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

(a)In general 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, $500,000,000,000 to carry out this part.

(b)Omitted

(c)Clarification

(1)In general On or after January 1, 2021, any remaining funds made available under section 9042(b) of this title may be used only for—

(A)modifications, restructurings, or other amendments of loans, loan guarantees, or other investments in accordance with section 9063(b)(1) of this title; and

(B)exercising any options, warrants, or other investments made prior to January 1, 2021; and

(C)paying costs and administrative expenses as provided in section 9042(f) of this title.

(2)Deficit reduction 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.

(Pub. L. 116–136, div. A, title IV, § 4027, Mar. 27, 2020, 134 Stat. 496.)

Connections33 cite this · traces to 5

Cited by 33 sections · top 17

public-private-law

U.S. Code

statutes-at-large

statute-compilations

bill