Public Law 119-73 (01/23/2026)

12 U.S.C. § 1735f–9

Limitation on commitments to insure loans and mortgages

(a)
The authority of the Secretary to enter into commitments to insure loans and mortgages under this chapter shall be effective for any fiscal year only to such extent or in such amounts as are or have been provided in appropriation Acts for such fiscal year.
(b)
Notwithstanding any other provision of law and subject only to the absence of qualified requests for insurance, to the authority provided in this chapter, and to the limitation in subsection (a), the Secretary shall enter into commitments to insure mortgages under this chapter with an aggregate principal amount of $110,165,000,000 during fiscal year 1993 and $68,673,868,600 during fiscal year 1994.

June 27, 1934, ch. 847Pub. L. 97–35, title III, § 33595 Stat. 414Pub. L. 98–181, title I97 Stat. 1208Pub. L. 98–479, title I, § 104(a)(7)98 Stat. 2225Pub. L. 99–267, § 1(h)100 Stat. 73Pub. L. 100–122, § 2(c)101 Stat. 793Pub. L. 100–242, title IV, § 402101 Stat. 1899Pub. L. 101–625, title III, § 321104 Stat. 4134Pub. L. 102–550, title V, § 501106 Stat. 3778Pub. L. 103–120, § 9107 Stat. 1151(, title V, § 531, as added , , ; amended [title IV, § 402], , ; , , ; , , ; , , ; , , ; , , ; , , ; , , .)

Editorial Notes

Amendments

Pub. L. 103–1201993—Subsec. (b). substituted “$110,165,000,000” for “$65,905,824,960”.

Pub. L. 102–5501992—Subsec. (b). amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “Notwithstanding any other provision of law and subject only to the absence of qualified requests for insurance, to the authority provided in this chapter, and to the limitation in subsection (a) of this section, the Secretary shall enter into commitments to insure mortgages under this chapter with an aggregate principal amount of $76,791,000,000 during fiscal year 1991 and $79,818,000,000 during fiscal year 1992.”

Pub. L. 101–6251990—Subsec. (b). amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “Notwithstanding any other provision of law and subject only to the absence of qualified requests for insurance, to the authority provided in this chapter, and to the limitation in subsection (a) of this section, the Secretary shall enter into commitments to insure mortgages under this chapter with an aggregate principal amount of $100,000,000,000 during fiscal year 1988, and $104,000,000,000 during fiscal year 1989.”

Pub. L. 100–2421988— designated existing provisions as subsec. (a) and added subsec. (b).

Pub. L. 100–1221987— substituted “for any fiscal year” for “for fiscal year 1986”.

Pub. L. 99–2671986— amended section generally. Prior to amendment, section read as follows: “Notwithstanding any other provision of law and subject only to the absence of qualified requests for insurance, to the authority provided in this chapter, and to any funding limitation approved in appropriation Acts, the Secretary shall enter into commitments during each of the fiscal years 1984 and 1985 to insure mortgages under this chapter with an aggregate principal amount of $50,900,000,000.”

Pub. L. 98–4791984— substituted “this chapter” for “subchapter II of this chapter” in two places.

Pub. L. 98–1811983— substituted provision authorizing the Secretary, subject to certain qualifications, to enter into commitments during fiscal years 1984 and 1985 to insure mortgages under subchapter II of this chapter with an aggregate principal amount of $50,900,000,000 for provision which directed the Secretary, during fiscal year 1982, not to enter into commitments under this chapter to insure loans and mortgages with an aggregate principal amount in excess of $41,000,000,000.

Statutory Notes and Related Subsidiaries

Effective Date

section 371 of Pub. L. 97–35section 3701 of this titleSection effective , see , set out as a note under .

Authorization To Enter Into Additional Commitments To Insure Loans and Mortgages During Fiscal Year 1986

Pub. L. 99–349, title I100 Stat. 728Pub. L. 99–345, § 2100 Stat. 673Pub. L. 99–289100 Stat. 412section 1721 of this titleFor increase in the applicable limitation on additional commitments to insure mortgages and loans to carry out this chapter during fiscal year 1986, see , , ; , , ; and , , , set out as notes under .