24 CFR 340.3

§ 340.3 Appropriations.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 340.3, § 340.3 Appropriations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100646
Permanent ID: ys:prov:100646@1
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Full text

There is authority for Congress to appropriate such sums as may be necessary to enable the trustor of any trust (as described in § 340.1) to pay to the Association, as trustee, any insufficiency in aggregate receipts from the obligations subject to the trust to provide for the timely payment by the trustee of all interest or principal on the beneficial interests or participations related to such trust.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.