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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 2 U.S.C. § 661f Effect on other laws us united_states_code code_section 2 THE CONGRESS 17A CONGRESSIONAL BUDGET AND FISCAL OPERATIONS 661f 2 U.S.C. § 661f current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc02@119-100.zip /us/usc/t2/s661f data/legal/raw/us/code/title-02/usc02.xml 7365ee0b3c97fcf008b709e7a554bd68f15171975f891edae74f654174086aa7 ec6910a011de0a97d11b263bbcd649766188311e429ae6bdb5fc2cf5e6ebbb9e ece305b5e7ba7d65c7415165e1c72a8e1a9f45f7c77bb2d2d42b0c28572eb8b8 2026-07-04 official
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2 U.S.C. § 661f - Effect on other laws

Text

(a) Effect on other laws This subchapter shall supersede, modify, or repeal any provision of law enacted prior to November 5, 1990, to the extent such provision is inconsistent with this subchapter. Nothing in this subchapter shall be construed to establish a credit limitation on any Federal loan or loan guarantee program.

(b) Crediting of collections Collections resulting from direct loans obligated or loan guarantees committed prior to October 1, 1991, shall be credited to the liquidating accounts of Federal agencies. Amounts so credited shall be available, to the same extent that they were available prior to November 5, 1990, to liquidate obligations arising from such direct loans obligated or loan guarantees committed prior to October 1, 1991, including repayment of any obligations held by the Secretary of the Treasury or the Federal Financing Bank. The unobligated balances of such accounts that are in excess of current needs shall be transferred to the general fund of the Treasury. Such transfers shall be made from time to time but, at least once each year.

(Pub. L. 93344, title V, § 507, as added Pub. L. 101508, title XIII, § 13201(a), Nov. 5, 1990, 104 Stat. 1388614.)