Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
2.6 KiB
Markdown
42 lines
2.6 KiB
Markdown
---
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type: "LegalText"
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title: "40 U.S.C. § 3503"
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description: "Revolving fund"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 40
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title_name: "PUBLIC BUILDINGS, PROPERTY, AND WORKS"
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chapter_number: "35"
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chapter_name: "NON-FEDERAL PUBLIC WORKS"
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section: "3503"
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citation: "40 U.S.C. § 3503"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc40@119-100.zip"
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source_identifier: "/us/usc/t40/s3503"
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source_file: "data/legal/raw/us/code/title-40/usc40.xml"
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source_hash: "51f86c5e1703123d1fca9e2290b821b2726c6eadf1390c4f4b4418e3666a27fa"
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raw_snapshot_hash: "9e671d5f37f9148634c9ba568a4c16d4864b567130b66bcf607f680414560a29"
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text_hash: "cbb1c6aabf998b1a79a979e108827c3c1bb5ebbd8869c675feb020f0322826ab"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 40 U.S.C. § 3503 - Revolving fund
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## Text
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(a) Establishment.— There is a revolving fund established by the Secretary of Housing and Urban Development to provide amounts for advances under this chapter. The fund comprises amounts appropriated under this chapter and all repayments and other receipts received in connection with advances made under this chapter.
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(b) Authorizations.— Not more than $70,000,000 may be appropriated to the revolving fund as necessary to carry out the purposes of this chapter.
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(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1168.)
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## Notes
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Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 350340:462(e).Aug. 2, 1954, ch. 649, title VII, § 702(e), 68 Stat. 641; Aug. 11, 1955, ch. 783, title I, § 112, 69 Stat. 641; Pub. L. 87–70, title V, § 502(3), (4), June 30, 1961, 75 Stat. 175; Pub. L. 88–560, title VI, § 602(a), Sept. 2, 1964, 78 Stat. 799; Pub. L. 89–117, title XI, § 1104, Aug. 10, 1965, 79 Stat. 503; Pub. L. 90–19, § 10(a) (related to 40:462), May 25, 1967, 81 Stat. 22. In subsection (a), the words “heretofore or hereafter” are omitted as unnecessary. The text of 40:462(e)(2) is omitted as obsolete. Title V of the War Mobilization and Reconversion Act of 1944 (50 App.:1671) terminated on June 30, 1947. The Act of October 13, 1949 (40:451 et seq.) authorized the Housing and Home Finance Administrator to make certain loans and advances for the 2-year period immediately following October 13, 1951. In subsection (b), the words “in addition to amounts authorized to be appropriated for the purposes of this section before September 2, 1964” are omitted as executed.
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