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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 42 U.S.C. § 1437q Financing limitations us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 8 LOW-INCOME HOUSING 1437q 42 U.S.C. § 1437q current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s1437q data/legal/raw/us/code/title-42/usc42.xml 19f4e6a4e8e6ff9b2aa2cd86e49e2c2455d1a7ad04869f63cf28f5c9e1e7e42f 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e ba1138874b95e1535ed37ae73f3647a410eb7f7f02b2a50fe0d0f3bc451c1550 2026-07-04 official
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42 U.S.C. § 1437q - Financing limitations

Text

On and after October 1, 1983, the Secretary—

(1) may only enter into contracts for annual contributions regarding obligations financing public housing projects authorized by section 1437c(c) of this title if such obligations are exempt from taxation under section 1437i(b) of this title, or if such obligations are issued under section 1437b of this title and such obligations are exempt from taxation; and

(2) may not enter into contracts for periodic payments to the Federal Financing Bank to offset the costs to the Bank of purchasing obligations (as described in the first sentence of section 2294(b) of title 12) issued by local public housing agencies for purposes of financing public housing projects authorized by section 1437c(c) of this title.

(Sept. 1, 1937, ch. 896, title I, § 19, as added Pub. L. 98181, title I [title II, § 215], Nov. 30, 1983, 97 Stat. 1185; renumbered title I, Pub. L. 100358, § 5, June 29, 1988, 102 Stat. 681.)