                          TITLE 2--THE CONGRESS
 
         CHAPTER 17A--CONGRESSIONAL BUDGET AND FISCAL OPERATIONS
 
                      SUBCHAPTER III--CREDIT REFORM
 
Sec. 661f. Effect on other laws


(a) Effect on other laws

    This subchapter shall supersede, modify, or repeal any provision of 
law enacted prior to November 5, 1990, to the extent such provision is 
inconsistent with this subchapter. Nothing in this subchapter shall be 
construed to establish a credit limitation on any Federal loan or loan 
guarantee program.

(b) Crediting of collections

    Collections resulting from direct loans obligated or loan guarantees 
committed prior to October 1, 1991, shall be credited to the liquidating 
accounts of Federal agencies. Amounts so credited shall be available, to 
the same extent that they were available prior to November 5, 1990, to 
liquidate obligations arising from such direct loans obligated or loan 
guarantees committed prior to October 1, 1991, including repayment of 
any obligations held by the Secretary of the Treasury or the Federal 
Financing Bank. The unobligated balances of such accounts that are in 
excess of current needs shall be transferred to the general fund of the 
Treasury. Such transfers shall be made from time to time but, at least 
once each year.

(Pub. L. 93-344, title V, Sec. 507, as added Pub. L. 101-508, title 
XIII, Sec. 13201(a), Nov. 5, 1990, 104 Stat. 1388-614.)
