HR 5872 RFS111th CONGRESS
2d Session
H. .R.5872
IN THE SENATE OF
One Hundred Eleventh Congress
of the
United States of America
AT THE UNITED STATESJuly 29, 2010
Received
August 2, 2010
Read twice and referred to the CommitteeSECOND SESSION
Begun and held at the City of Washington on Banking, Housing, and Urban Affairs
AN ACT
Tuesday,
the fifth day of January, two thousand and ten
An Act
To provide adequate commitment authority for fiscal year 2010 for guaranteed loans that are obligations of the General and Special Risk Insurance Funds of the Department of Housing and Urban Development.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. ADEQUATE COMMITMENT AUTHORITY.
Notwithstanding any other provision of law, for fiscal year 2010 the Secretary of Housing and Urban Development may enter into commitments to guarantee loans, as authorized by sections 238 and 519 of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), in an amount not exceeding $20,000,000,000 in total loan principal, any part of which is to be guaranteed.
SEC. 3. BUDGETARY EFFECTS.
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled ‘Budgetary Effects of PAYGO Legislation’ for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.
PassedSpeaker of the House of Representatives July 28, 2010.Attest:
LORRAINE C. MILLER,
Clerk.
Vice President of the United States and
President of the Senate.
U.S. Congress - Text of H.R.5872 as Enrolled Bill General and Special Risk Insurance Funds Availability Act of 2010
