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>
40 lines
1.7 KiB
Markdown
40 lines
1.7 KiB
Markdown
---
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type: "LegalText"
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title: "40 U.S.C. § 3505"
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description: "Forgiveness of outstanding advances"
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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: "3505"
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citation: "40 U.S.C. § 3505"
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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/s3505"
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source_file: "data/legal/raw/us/code/title-40/usc40.xml"
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source_hash: "577a47b05ea0d68f2b1e3739692ceced03ec1df3de32c9159a3ee26a0e834fc5"
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raw_snapshot_hash: "9e671d5f37f9148634c9ba568a4c16d4864b567130b66bcf607f680414560a29"
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text_hash: "08e382f15499bfb2b7452b8fcefa4d429baa272a41cbf6afb5b47f9458b39b6b"
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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. § 3505 - Forgiveness of outstanding advances
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## Text
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In accordance with accounting and other procedures the Secretary of Housing and Urban Development prescribes, each advance made by the Secretary under this chapter that had any principal amount outstanding on February 5, 1988, was forgiven. The terms and conditions of any contract, or any amendment to a contract, for that advance with respect to any promise to repay the advance were canceled.
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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) 350540:462(g).Aug. 2, 1954, ch. 649, title VII, § 702(g), as added Pub. L. 87–658, § 6, Sept. 14, 1962, 76 Stat. 544; Pub. L. 100–242, title V, § 524(2), Feb. 5, 1988, 101 Stat. 1939.
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