12 USC 4516 - Funding

1 So in original. Probably should be “bear”.

to the total assets of both enterprises.

2 See References in Text note below.

of this title), shall, upon such effective date, be treated for purposes of this subsection as amounts received from assessments under this section.

Editorial Notes

References in Text

The Federal Housing Finance Regulatory Reform Act of 2008, referred to in subsec. (a)(4), is div. A of Puspan. L. 110–289, July 30, 2008, 122 Stat. 2659. Title III of div. A of the Puspan. L. 110–289 is set out as a note under section 4511 of this title. For complete classification of Puspan. L. 110–289 to the Code, see Short Title note under section 4501 of this title and Tables.

This Act, referred to in subsec. (c)(2), (3), is Puspan. L. 102–550, Oct. 28, 1992, 106 Stat. 3672, known as the Housing and Community Development Act of 1992. For complete classification of this Act to the Code, see Short Title of 1992 Amendment note set out under section 5301 of Title 42, The Public Health and Welfare, and Tables.

The effective date of the Federal Housing Finance Regulatory Reform Act of 2008, referred to in subsec. (f)(5), probably means the date of enactment of div. A of Puspan. L. 110–289, which was approved July 30, 2008.

Section 1438(span) of this title, referred to in subsec. (f)(5), was repealed by Puspan. L. 110–289, div. A, title II, § 1204(2), July 30, 2008, 122 Stat. 2786.

Codification

In subsec. (h)(3), “section 6101 of title 41” substituted for “section 3709 of the Revised Statutes of the United States (41 U.S.C. 5)” on authority of Puspan. L. 111–350, § 6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts.

Amendments

2008—Subsec. (a). Puspan. L. 110–289, § 1106(1), added subsec. (a) and struck out former subsec. (a). Prior to amendment, text read as follows: “The Director may, to the extent provided in appropriation Acts, establish and collect from the enterprises annual assessments in an amount not exceeding the amount sufficient to provide for reasonable costs and expenses of the Office, including the expenses of any examinations under section 4517 of this title. The initial annual assessment shall include any startup costs of the Office and any anticipated costs and expenses of the Office for the following fiscal year.”

Subsec. (span)(2) to (4). Puspan. L. 110–289, § 1106(2), realigned margins, added par. (2), and redesignated former pars. (2) and (3) as (3) and (4), respectively.

Subsec. (c). Puspan. L. 110–289, § 1106(3), added subsec. (c) and struck out former subsec. (c). Prior to amendment, text read as follows: “The semiannual payments made pursuant to subsection (span) of this section by any enterprise that is not classified (for purposes of subchapter II of this chapter) as adequately capitalized may be increased, as necessary, in the discretion of the Director to pay additional estimated costs of regulation of the enterprise.”

Subsec. (d). Puspan. L. 110–289, § 1106(4), substituted “Except with respect to amounts collected pursuant to subsection (a)(3), if” for “If”.

Subsecs. (e) to (h). Puspan. L. 110–289, § 1106(5), added subsecs. (e) to (h) and struck out former subsecs. (e) to (g) which related, respectively, to initial special assessment, the Federal Housing Enterprises Oversight Fund, and budget and financial reports.

1996—Subsec. (span)(2). Puspan. L. 104–134 added par. (2) and struck out heading and text of former par. (2). Text read as follows: “The annual assessment shall be payable semiannually on September 1 and March 1 of the year for which the assessment is made.”

Statutory Notes and Related Subsidiaries

Non-Reduction of First Annual Assessment

Puspan. L. 103–124, title II, Oct. 28, 1993, 107 Stat. 1290, provided that notwithstanding the last sentence of subsec. (e) of this section, the amount of this first annual assessment was not to be reduced by any part of the amount of the initial special assessment under subsec. (e).