Title 40 of the U.S. Code § 3505 - Forgiveness of outstanding advances
Full text of § 3505 from Title 40 of the United States Code.
§ 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.)
| Revised Section | Source (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. |
CHAPTER 37—CONTRACT WORK HOURS AND SAFETY STANDARDS
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40 U.S.C. § 3505 is part of Title 40 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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