15 U.S.C. § 9061 | Direct appropriation

(a)

In general

section 5302(a)(1) of title 31Notwithstanding any other provision of law, there is appropriated, out of amounts in the Treasury not otherwise appropriated, to the fund established under , $500,000,000,000 to carry out this part.

(b)

Omitted

(c)

Clarification

(1)

In general

January 1, 2021section 9042(b) of this titleOn or after , any remaining funds made available under may be used only for—

(A)

section 9063(b)(1) of this title modifications, restructurings, or other amendments of loans, loan guarantees, or other investments in accordance with ; and

(B)

January 1, 2021 exercising any options, warrants, or other investments made prior to ; and

(C)

section 9042(f) of this title paying costs and administrative expenses as provided in .

(2)

Deficit reduction

January 1, 2026On , any funds described in paragraph (1) that are remaining shall be transferred to the general fund of the Treasury to be used for deficit reduction.

Pub. L. 116–136, div. A, title IV, § 4027Mar. 27, 2020134 Stat. 496(, , .)

Editorial Notes

References in Text

Pub. L. 116–136 section 4001 of Pub. L. 116–136 section 9001 of this titleThis part, referred to in subsec. (a), was in the original “this subtitle”, meaning subtitle A (§§ 4001–4029) of title IV of div. A of , known as the Coronavirus Economic Stabilization Act of 2020, which is classified principally to this part. For complete classification of subtitle A to the Code, see , set out as a Short Title note under , and Tables.

Codification

section 4027 of Pub. L. 116–136 section 4027 of Pub. L. 116–136 section 5302 of Title 31Section is comprised of . Subsec. (b) of amended , Money and Finance.