§ 1712. Investment of funds

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1934

   National Housing Act.”

   Pub. L. 73–847 · 48 Stat. 1246

   Enacted · 12 U.S.C. § 1712

   June 27, 1934, ch. 847, title II, § 206, 48 Stat. 1252

   Source evidence

   Code source credit
   June 27, 1934, ch. 847, title II, § 206, 48 Stat. 1252

2. 1967

   Pub. L. 90–19 § 1(a)(1) · 81 Stat. 17

   1. Substituted · 12 U.S.C. § 1712

      Pub. L. 90–19 substituted “Department of Housing and Urban Development” and “Secretary” for “Federal Housing Administration” and “Commissioner”, respectively

   2. Inserted · 12 U.S.C. § 1712

      Pub. L. 90–19 inserted “related to insurance under section 1709 of this title” before “shall be deposited”

   Source evidence

   Code amendment note
   Pub. L. 90–19 substituted “Department of Housing and Urban Development” and “Secretary” for “Federal Housing Administration” and “Commissioner”, respectively, and inserted “related to insurance under section 1709 of this title” before “shall be deposited”.

   Enacted provision · exact public law section
   (1) by striking out “Federal Housing Administration” each place it appears and inserting in lieu thereof “Department of Housing and Urban Development”;

3. 1970

   Housing and Urban Development Act of 1970

   Pub. L. 91–609 title I § 117(a) · 84 Stat. 1770

   Changed · 12 U.S.C. § 1712

   Pub. L. 91–609 provided for guarantee as to principal and interest by any agency of the United States and for investment of monies in bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market

   Source evidence

   Code amendment note
   Pub. L. 91–609 provided for guarantee as to principal and interest by any agency of the United States and for investment of monies in bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market.

   Enacted provision · exact public law section
   (a) Section 206 of the National Housing Act is amended by inserting before the period at the end of the first sentence the following: “or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage, market”.

3 of 4 references resolved to an enrolled provision · 1 partial