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

15 U.S.C. § 694c

Revolving fund for surety bond guarantees

(a)
There is created within the Treasury a separate fund for guarantees which shall be available to the Administrator without fiscal year limitation as a revolving fund for the purposes of this part. All amounts received by the Administrator, including any moneys, property, or assets derived by him from his operations in connection with this part, shall be deposited in the fund. All expenses and payments, excluding administrative expenses, pursuant to operations of the Administrator under this part shall be paid from the fund.
(b)
Such sums as may be appropriated to the Fund to carry out the programs authorized by this part shall be without fiscal year limitation.

Pub. L. 85–699, title IV, § 412Pub. L. 93–386, § 6(a)(4)88 Stat. 747Pub. L. 94–305, title I, § 11390 Stat. 667Pub. L. 95–14, § 491 Stat. 25Pub. L. 95–89, title I, § 10591 Stat. 556Pub. L. 96–302, title I, § 11194 Stat. 837Pub. L. 100–590, title II, § 208102 Stat. 3009(, as added , , ; amended , , ; , , ; , , ; , , ; , , .)

Editorial Notes

Amendments

Pub. L. 100–5901988— designated existing provisions as subsec. (a) and added subsec. (b).

Pub. L. 96–302section 694–2 of this title1980— repealed investment of idle funds provision, which is covered in .

Pub. L. 95–891977— prohibited payment of administrative expenses from the fund and deleted provisions which authorized: a $110,000,000 appropriation of capital for the fund; and payment during the fiscal year into the Treasury as miscellaneous receipts, from the fund, of interest on the cumulative amount of appropriations available as capital to the fund less the average undisbursed cash balance in the fund during the year.

Pub. L. 95–14 substituted “$110,000,000” for “$56,500,000”.

Pub. L. 94–3051976— substituted “$56,500,000” for “$35,000,000”.

Statutory Notes and Related Subsidiaries

Effective Date of 1988 Amendment

Pub. L. 100–590section 209 of Pub. L. 100–590section 694b of this titleAmendment by effective on expiration of 180 days after , see , set out as an Effective and Termination Dates of 1988 Amendment note under .

Effective Date of 1980 Amendment

Pub. L. 96–302section 507 of Pub. L. 96–302section 631 of this titleAmendment by effective , see , set out as a note under .

Effective Date of 1977 Amendment

Pub. L. 95–89section 106 of Pub. L. 95–89section 633 of this titleAmendment by effective , see , set out as a note under .