40 U.S.C. · Public Buildings, Property, and Works
40 U.S.C. § 3505

Forgiveness of outstanding advances

Ch. 35 — NON-FEDERAL PUBLIC WORKS
Title 40 U.S.C. ● ACTIVE Primary Source Ch. 35
Statutory Text

40 U.S.C. § 3505 — Forgiveness of outstanding advances

U.S.C. Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS 40 U.S.C. United States Code, 2023 Edition Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS SUBTITLE II - PUBLIC BUILDINGS AND WORKS PART A - GENERAL CHAPTER 35 - NON-FEDERAL PUBLIC WORKS Sec. 3505 - Forgiveness of outstanding advances From the U.S. Government Publishing Office, www.gpo.gov

§3505. Forgiveness of outstanding advances

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.

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1168.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

3505 40:462(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.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 40 U.S.C. § 3505 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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