Title 12 — Banks and Banking
Chapter 34A — Appraisal Subcommittee of Federal Financial Institutions Examination Council
§ 3337. Startup funding
Statutory text
In general
For purposes of this chapter, the Secretary of the Treasury shall pay to the Appraisal Subcommittee a one-time payment of $5,000,000 on . Thereafter, expenses of the subcommittee shall be funded through the collection of registry fees from certain certified and licensed appraisers pursuant to section 3338 of this title or, if required, pursuant to section 3351(b) 1 of this title.
Additional funds
Except as provided in section 3351(b) 1 of this title, funds in addition to the funds provided under subsection (a) may be made available to the Appraisal Subcommittee only if authorized and appropriated by law.
Repayment of Treasury loan
Not later than , the Appraisal Subcommittee shall repay to the Secretary of the Treasury the unpaid portion of the $5,000,000 paid to the Appraisal Subcommittee pursuant to this section.
Footnotes
- 1 See References in Text note below.
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.
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
Pub. L. 101–73 title XI § 1108 · 103 Stat. 183
Enacted · 12 U.S.C. § 3337
Pub. L. 101–73, title XI, § 1108, Aug. 9, 1989, 103 Stat. 513
Source evidence
Code source credit
Pub. L. 101–73, title XI, § 1108, Aug. 9, 1989, 103 Stat. 513Enacted provision · exact public law section
SEC. 1108. STARTUP FUNDING. (a) In General.— For purposes of this title, the Secretary of the Treasury shall pay to the Appraisal Subcommittee a one-time payment of $5,000,000 on the date of the enactment of this Act. Thereafter, expenses of the subcommittee shall be funded through the collection of registry fees from certain certified and licensed appraisers pursuant to section 1109 or, if required, pursuant to section 1122(b) of this title. (b) Additional Funds.— Except as provided in section 1122(b) of this title, funds in addition to the funds provided under subsection (a) may be made available to the Appraisal Subcommittee only if authorized and appropriated by law.Department of Commerce and Related Agencies Appropriations Act, 1997
Pub. L. 104–208 div. A title II § 2212 · 110 Stat. 3009
Added · 12 U.S.C. § 3337(c)
Pub. L. 104–208 added subsec. (c)
Source evidence
Code amendment note
Subsec. (c). Pub. L. 104–208 added subsec. (c).Enacted provision · exact public law section
SEC. 2212. REPAYMENT OF TREASURY LOAN. Section 1108 of the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3337) is amended by adding at the end the following new subsection.— “(c) Repayment of Treasury Loan.— Not later than September 30, 1998, the Appraisal Subcommittee shall repay to the Secretary of the Treasury the unpaid portion of the $5,000,000 paid to the Appraisal Subcommittee pursuant to this section.”.
2 of 2 references resolved to an enrolled provision
Editorial Notes
References in Text
Section 3351(b) of this title, referred to in text, was redesignated section 3351(c) of this title by Pub. L. 103–325, title III, § 315(1), , 108 Stat. 2222.
Amendments
1996—Subsec. (c). Pub. L. 104–208 added subsec. (c).
Credits
1989–1996 · 2 acts
- 1989Pub. L. 101–73, title XI, § 1108, , 103 Stat. 513
- 1996Pub. L. 104–208, div. A, title II, § 2212, , 110 Stat. 3009–411.
Show as published
(Pub. L. 101–73, title XI, § 1108, , 103 Stat. 513; Pub. L. 104–208, div. A, title II, § 2212, , 110 Stat. 3009–411.)