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The law › Title 42, The Public Health and Welfare › Chapter 69

42 U.S.C. 5308: Guarantee and commitment to guarantee loans for acquisition of property

Created in 1974 by Public Law 93-383. Changed by 11 later laws. No bill we track in this Congress changes it.

7 other sections of the Code cite this one, including 25 U.S.C. 4196, 31 U.S.C. 1305, 42 U.S.C. 5301, 42 U.S.C. 5304, 42 U.S.C. 5306.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    1996

    • Pub. L. 104–120 substituted "$4,500,000,000" for "$3,500,000,000". (Housing Opportunity Program Extension Act of 1996) Law text · (k)

    1994

    • Pub. L. 103–233, §231, added cls. (5) and (6). · (a)
    • Pub. L. 103–233, §232(a)(1), added subsec. (q). · (q)
    • Pub. L. 103–233, §233, added subsec. (r). · (r)

    1992

    • Pub. L. 102–550 amended fifth sentence generally. Prior to amendment, fifth sentence read as follows: "Notwithstanding any other provision of law and subject only to the absence of qualified applicants or proposed activities and to the authority provided in this section, to the extent … · (a)

    1990

    • Pub. L. 101–625, §910(e)(1), inserted at end "Of the amount approved in any appropriation Act for guarantees under this section in any fiscal year, the Secretary shall allocate 70 percent for guarantees for metropolitan cities, urban counties, and Indian tribes and 30 percent for guara… · (a)
    • Pub. L. 101–625, §910(c), inserted "The Secretary may not deny a guarantee under this section on the basis of the proposed repayment period for the note or other obligation, unless the period is more than 20 years or the Secretary determines that the period causes the guarantee to constitute an una… · (a)
    • Pub. L. 101–625, §910(b)(2), substituted a semicolon for "; or" before "(3)" and added cl. (4). · (a)
    • Pub. L. 101–625, §910(b)(1)(A), substituted "eligible public entity" and "eligible public entities" for "unit of general local government" and "units of general local government", respectively, wherever appearing. · (a)
    • Pub. L. 101–625, §901(b), amended last sentence generally. Prior to amendment, last sentence read as follows: "Notwithstanding any other provision of law and subject only to the absence of qualified applicants or proposed activities, to the authority provided in this section, and to any funding lim… · (a)
    • Pub. L. 101–625, §910(d), inserted "(excluding any amount defeased under the contract entered into under subsection (d)(1)(A))" after "this section", substituted "5" for "three", and inserted reference to section 5307 of this title. · (b)
    • Pub. L. 101–625, §910(b)(4)(A), designated existing provisions as par. (1), redesignated former pars. (1) to (3) as subpars. (A) to (C), respectively, and added par. (2). · (d)
    • Pub. L. 101–625, §910(b)(4)(B), substituted "paragraphs (1)(B) and (2) of subsection (d)" for "subsection (d)(2)". · (e)
    • Pub. L. 101–625, §910(f), inserted at end "The Secretary may also, to the extent approved in appropriation Acts, assist the issuer of a note or other obligation guaranteed under this section in the payment of all or a portion of the principal and interest amount due under the note or o… · (h)
    • Pub. L. 101–625, §910(b)(1), substituted "entity or agency" for "unit or agency" and "eligible public entity" for "unit of general local government". · (h)
    • Pub. L. 101–625, §910(b)(1)(A), substituted "eligible public entity" for "unit of general local government". · (j)
    • Pub. L. 101–625, §910(e)(2), designated existing provisions as par. (1) and added par. (2). · (k)
    • Pub. L. 101–625, §910(b)(3), added subsec. (n). · (n)
    • Pub. L. 101–625, §910(b)(5), added subsec. (o). · (o)
    • Pub. L. 101–625, §910(g), added subsec. (p). · (p)

    1988

    • Pub. L. 100–242, §514(c), in first sentence inserted cl. (1) designation and added cls. (2) and (3). · (a)
    • Pub. L. 100–242, §514(a), in last sentence struck out "during fiscal year 1984" after "commitment" and substituted "$150,000,000 during fiscal year 1988, and $153,000,000 during fiscal year 1989" for "$225,000,000". · (a)
    • Pub. L. 100–242, §514(b), added subsec. (m). · (m)

    1986

    • Pub. L. 99–272 added subsec. (l). · (l)

    1984

    • Pub. L. 98–479, §203(l)(2), substituted "chapter 31 of title 31" for "the Second Liberty Bond Act, as now or hereafter in force" and "such chapter" for "such Act". · (g)
    • Pub. L. 98–479, §204(k)(1), substituted "subsection (j)" for "subsection (g)". · (h)

    1983

    • Pub. L. 98–181 inserted provision that a guarantee under this section may be used to assist a grantee in obtaining financing only if the grantee has made efforts to obtain such financing without the use of such guarantee and cannot complete such financing consistent with the timely exe… · (a)

    1981

    • Pub. L. 97–35 struck out "approved or" after "grant". · (d)

    1980

    • Pub. L. 96–399, §108(1), (2), inserted provision respecting amounts as provided in appropriation Acts, and provision relating to limitation of $300,000,000 the amount the Secretary is authorized to guarantee during fiscal year 1981. · (a)
    • Pub. L. 96–399, §108(3), struck out "Notwithstanding any other provision of this section" before "The total amount". · (j)

    1977

    • Pub. L. 95–128, §108(1), (3), reenacted substantially existing provisions and struck out "or assembly" after "acquisition of", included rehabilitation of real property owned by the unit of general local government, inserted provision respecting form, denominations, maturities, and cond… · (a)
    • Pub. L. 95–128, §108(1), (3), added subsec. (b) and struck out prior provisions respecting: reservation and withholding of prescribed amount for purpose of paying guaranteed obligations, subject to being increased because of any unanticipated, major reduction in estimated disposition p… · (b)
    • Pub. L. 95–128, §108(3), added subsecs. (c) to (e). Former subsecs. (c) to (e) redesignated (f) to (h). · (c), (d), (e)
    • Pub. L. 95–128, §108(2), redesignated former subsecs. (c) and (d) as (f) and (g). · (f), (g)
    • Pub. L. 95–128, §108(2), (4), (5), redesignated former subsec. (e) as (h) and substituted in first sentence "subsection (j)" for "subsection (g)"; substituted in first sentence "shall" for "may, at the option of the issuing unit of general local government or designated agency,"; and i… · (h)
    • Pub. L. 95–128, §108(2), (6), redesignated former subsec. (g) as (j) and substituted "is guaranteed pursuant to" for "such unit or agency has elected to issue as a taxable obligation pursuant to subsection (e) of". · (j)
    • Pub. L. 95–128, §108(7), added subsec. (k). · (k)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.