---
type: "LegalText"
title: "12 U.S.C. § 1705"
description: "Allocation of funds"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "13"
chapter_name: "NATIONAL HOUSING"
section: "1705"
citation: "12 U.S.C. § 1705"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s1705"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "1b89a47fe95039a3249c1e2ccc5392f507c475e256c6ff6e4207b5f39b68b122"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "7410250fdc05dddc3bc2264f1a2c150917b5c934bf6871a5279d5b5faffb5715"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 1705 - Allocation of funds

## Text

For the purposes of carrying out the provisions of this subchapter and subchapters II and III, the President, in his discretion, is authorized to provide such funds or any portion thereof by allotment to the Secretary from any funds that are available, or may hereafter be made available, to the President for emergency purposes.

(June 27, 1934, ch. 847, title I, § 4, 48 Stat. 1247; June 30, 1947, ch. 166, title II, § 206(l), 61 Stat. 208; Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17; Pub. L. 98–479, title II, § 204(a)(1), Oct. 17, 1984, 98 Stat. 2231.)

## Notes

Editorial Notes

Amendments1984—Pub. L. 98–479 substituted “such” for “suuch”. 1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner”. 1950—Act Apr. 20, 1950, § 122, substituted “Commissioner” for “Administrator”. 1947—Act June 30, 1947, struck out references to Reconstruction Finance Corporation.