The Secretary may, upon such terms and conditions as the Secretary may prescribe, authorize a public housing agency to mortgage or otherwise grant a security interest in any public housing project or other property of the public housing agency.
(b) Terms and conditions
In making any authorization under subsection (a) of this section, the Secretary may consider—
(1)the ability of the public housing agency to use the proceeds of the mortgage or security interest for low-income housing uses;
(2)the ability of the public housing agency to make payments on the mortgage or security interest; and
(3)such other criteria as the Secretary may specify.
(c) No Federal liability
No action taken under this section shall result in any liability to the Federal Government.
Section effective and applicable beginning upon Oct. 1, 1999, except as otherwise provided, with provision that Secretary may implement section before such date except to extent otherwise provided, see section 503 ofPub. L. 105–276, set out as an Effective Date of 1998 Amendment note under section
1437 of this title.
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.