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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5228 Funding us united_states_code code_section 12 BANKS AND BANKING 52 EMERGENCY ECONOMIC STABILIZATION 5228 12 U.S.C. § 5228 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5228 data/legal/raw/us/code/title-12/usc12.xml 7290ab6882f12d2f1f01d456efd6b6894a992cd13f96a17856eeda220d44d833 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 3b39ac76780e89f941916deaddca5a23c8ad278368bcba1797442935bb03f4a1 2026-07-04 official
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12 U.S.C. § 5228 - Funding

Text

For the purpose of the authorities granted in this chapter, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, and the purposes for which securities may be issued under chapter 31 of title 31 are extended to include actions authorized by this chapter, including the payment of administrative expenses. Any funds expended or obligated by the Secretary for actions authorized by this chapter, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure or obligation.

(Pub. L. 110343, div. A, title I, § 118, Oct. 3, 2008, 122 Stat. 3786.)

Notes

Editorial Notes

References in TextThis chapter, referred to in text, was in the original “this Act” and was translated as reading “this division”, meaning div. A of Pub. L. 110343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.