§ 661f. Effect on other laws

195 words·~1 min read·/usc/title-2/section-661f

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

(a)Effect on other laws This subchapter shall supersede, modify, or repeal any provision of law enacted prior to November 5, 1990, to the extent such provision is inconsistent with this subchapter. Nothing in this subchapter shall be construed to establish a credit limitation on any Federal loan or loan guarantee program.

(b)Crediting of collections Collections resulting from direct loans obligated or loan guarantees committed prior to October 1, 1991, shall be credited to the liquidating accounts of Federal agencies. Amounts so credited shall be available, to the same extent that they were available prior to November 5, 1990, to liquidate obligations arising from such direct loans obligated or loan guarantees committed prior to October 1, 1991, including repayment of any obligations held by the Secretary of the Treasury or the Federal Financing Bank. The unobligated balances of such accounts that are in excess of current needs shall be transferred to the general fund of the Treasury. Such transfers shall be made from time to time but, at least once each year.

(Pub. L. 93–344, title V, § 507, as added Pub. L. 101–508, title XIII, § 13201(a), Nov. 5, 1990, 104 Stat. 1388–614.)

Connections2 cite this

Cited by 2 sections

statutes-at-large

Public Law 101–508
To provide for reconciliation pursuant to section 4 of the concurrent resolution on the budget for fiscal year 1991

statute-compilations

Sec. 507
EFFECT ON OTHER LAWS

3 references not yet in our index

Pub. L. 93–344, title V, § 507
Pub. L. 101–508, title XIII, § 13201(a)
104 Stat. 1388–614

Citation graph

cites case law

§ 661f

Effect on other laws

Stat. Comp.×1

Stat.×1

Pub. L.Pub. L. 93–344, title V, § 507

Pub. L.Pub. L. 101–508, title XIII, § 13201(a)

Stat.104 Stat. 1388–614

Cites 3Cited by 2 across 2 sources