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Title 40 — Public Buildings, Property, and Works

Part A · Chapter 35 — Non-Federal Public Works

§ 3505. Forgiveness of outstanding advances

Statutory text

In accordance with accounting and other procedures the Secretary of Housing and Urban Development prescribes, each advance made by the Secretary under this chapter that had any principal amount outstanding on , was forgiven. The terms and conditions of any contract, or any amendment to a contract, for that advance with respect to any promise to repay the advance were canceled.

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. Pub. L. 107–217 · 116 Stat. 1062

    Enacted · 40 U.S.C. § 3505

    (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1168.)

    Source evidence

    Code source credit
    (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1168.)

0 of 1 references resolved to an enrolled provision · 1 partial

Notes

historicalAndRevision
Historical and Revision Notes
RevisedSectionSource (U.S. Code)Source (Statutes at Large)
350540:462(g).Aug. 2, 1954, ch. 649, title VII, § 702(g), as added Pub. L. 87–658, § 6, Sept. 14, 1962, 76 Stat. 544; Pub. L. 100–242, title V, § 524(2), Feb. 5, 1988, 101 Stat. 1939.

Credits

(Pub. L. 107–217, , 116 Stat. 1168.)

Parsed from the official OLRC USLM XML in data/usc_all/usc40.xml · release point 119-108 · OLRC build 2026-09-16

USLM identifier /us/usc/t40/s3505