remaining useful life

(1) “Remaining useful life” defined For purposes of this title, 1 the term “remaining useful life” means, with respect to eligible low-income housing, the period during which the physical characteristics of the housing remain in a condition suitable for occupancy, assuming normal maintenance and repairs are made and major systems and capital components are replaced as becomes necessary.

Source

12 USC § 4112(c)(1)

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Scoping language

None identified, default scope is assumed to be the parent (subchapter I) of this section.

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