12 U.S. Code § 3337 - Startup funding

(a) In general
For purposes of this chapter, the Secretary of the Treasury shall pay to the Appraisal Subcommittee a one-time payment of $5,000,000 on August 9, 1989. Thereafter, expenses of the subcommittee shall be funded through the collection of registry fees from certain certified and licensed appraisers pursuant to section 3338 of this title or, if required, pursuant to section 3351 (b)  [1] of this title.
(b) Additional funds
Except as provided in section 3351 (b)  [1] of this title, funds in addition to the funds provided under subsection (a) of this section may be made available to the Appraisal Subcommittee only if authorized and appropriated by law.
(c) Repayment of Treasury loan
Not later than September 30, 1998, the Appraisal Subcommittee shall repay to the Secretary of the Treasury the unpaid portion of the $5,000,000 paid to the Appraisal Subcommittee pursuant to this section.


[1]  See References in Text note below.

Source

(Pub. L. 101–73, title XI, § 1108,Aug. 9, 1989, 103 Stat. 513; Pub. L. 104–208, div. A, title II, § 2212,Sept. 30, 1996, 110 Stat. 3009–411.)
References in Text

Section 3351 (b) of this title, referred to in text, was redesignated section 3351 (c) of this title by Pub. L. 103–325, title III, § 315(1),Sept. 23, 1994, 108 Stat. 2222.
Amendments

1996—Subsec. (c). Pub. L. 104–208added subsec. (c).

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12 CFR - Banks and Banking

12 CFR Part 34 - REAL ESTATE LENDING AND APPRAISALS

12 CFR Part 164 - APPRAISALS

12 CFR Part 208 - MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE SYSTEM (REGULATION H)

12 CFR Part 225 - BANK HOLDING COMPANIES AND CHANGE IN BANK CONTROL (REGULATION Y)

12 CFR Part 390 - REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION

12 CFR Part 564 - APPRAISALS

 

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