The Congress finds that Federal savings and loan associations and national banks should have the authority to assist in financing the organization and operation of any State housing corporation established under the laws of the State in which the corporation will carry on its operation. It is the purpose of this section to provide a means whereby private financial institutions can assist in providing housing, particularly for families of low- or moderate-income, by purchasing stock of and investing in loans to any such State housing corporation situated in the particular State in which the Federal savings and loan association or national bank involved is located.
This section, referred to in text, means section 5 ofPub. L. 93–100, which enacted this section and section
1470 of this title and amended sections
1464 of this title.
Section was not enacted as part of the Home Owners’ Loan Act of 1933 which comprises this chapter.
Pub. L. 93–100, § 8,Aug. 16, 1973, 87 Stat. 348, provided that: “The provisions of this Act [enacting this section and sections
1832 of this title, amending sections
461 note, 1464, 1725, 1727 and 1828 of this title, and enacting provisions set out as notes under section
548 of this title] shall take effect on the thirtieth day after the date of its enactment [Aug. 16, 1973], except that the amendments made by sections
5 [enacting this section and section
1470 of this title and amending sections
461 note, and 1464 of this title] shall take effect on the date of enactment of this Act [Aug. 16, 1973].”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
LII has no control over and does not endorse any external Internet site that contains links to or references LII.