US Code

Public Law 119-102 (07/12/2026)

42 U.S.C. § 3901 to 3906

Repealed. Pub. L. 98–181, title I [title IV, § 474(e)], Nov. 30, 1983, 97 Stat. 1239

Section text and notes

Pub. L. 90–448, title IV, § 40282 Stat. 513 Section 3901, , , , set out a Congressional statement of purpose for this chapter.

Pub. L. 90–448, title IV, § 40382 Stat. 514 Section 3902, , , , provided Secretary with authority to guarantee obligations.

Pub. L. 90–448, title IV, § 40482 Stat. 514 Section 3903, , , , related to eligible new community development entitled to guarantees under this chapter.

Pub. L. 90–448, title IV, § 40582 Stat. 514 Section 3904, , , , related to eligibility of bonds, debentures, notes, and other obligations under this chapter.

Pub. L. 90–448, title IV, § 40682 Stat. 515 Section 3905, , , , related to fees and charges for guarantees and the submission of a report to Congress concerning such fees and charges.

Pub. L. 90–448, title IV, § 40782 Stat. 515 Pub. L. 91–351, title VII, § 70384 Stat. 462 Pub. L. 91–609, title III, § 303(a)84 Stat. 1780 Section 4528 of this titlesection 4518 of this titleSection 3906, , , ; , , ; , , , provided for a revolving guarantee fund. transferred all receipts, funds, or other assets and all liabilities of the revolving fund established under this section to the revolving fund established under .

Statutory Notes and Related Subsidiaries

Short Title

Pub. L. 90–448, title IV, § 40182 Stat. 513 section 1492 of this titlePub. L. 98–181, title I97 Stat. 1239 , , , which provided that this title, which enacted this chapter and amended and sections 371 and 1464 of Title 12, Banks and Banking, may be referred to as the “New Communities Act of 1968”, was repealed by [title IV, § 474(e)], , .

Savings Provision

Pub. L. 98–181, title I97 Stat. 1239

42 U.S.C. 390142 U.S.C. 4501“Any actions taken, prior to repeal, under the authority of any of the sections which are repealed by this section [repealing sections 3901 to 3906, 3908, 3909, 3911, 3914, 4511 to 4524, and 4528 to 4532 of this title] shall continue to be valid. Nothing in this subsection shall impair the validity of any guarantees which have been made pursuant to title IV [of the Housing and Urban Development Act of 1968, et seq.] or title VII [of the Housing and Urban Development Act of 1970, et seq.] and any such guarantees shall continue to be governed by the provisions of title IV or title VII, as applicable, as they existed immediately before the date of the enactment of this Act [].”
[title IV, § 474(e)], , , provided that: