12 U.S.C. § 1722
Benefits and burdens incident to administration of functions and operations under sections 1720 and 1721
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 1722, Benefits and burdens incident to administration of functions and operations under sections 1720 and 1721, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437793
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939742d6a81deb2bb5da4f36bd27d003843174003915e99b6e307635dba0c881
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Full text
All of the benefits and burdens incident to the administration of the functions and operations of the Association under sections 1720 and 1721, respectively, of this title, after allowance for related obligations of the Association, its prorated expenses, and the like, including amounts required for the establishment of such reserves as the Secretary of Housing and Urban Development shall deem appropriate, shall inure solely to the Secretary of the Treasury, and such related earnings or other amounts as become available shall be paid annually by the Association to the Secretary of the Treasury for covering into miscellaneous receipts.
Legislative history
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