
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC9822]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 105--COMMUNITY SERVICES PROGRAMS
 
              SUBCHAPTER I--COMMUNITY ECONOMIC DEVELOPMENT
 
               Part D--Supportive Programs and Activities
 
Sec. 9822. Availability of certain appropriated funds

    Funds appropriated to the Rural Development Loan Fund under title 
VII of the Economic Opportunity Act of 1964 [42 U.S.C. 2981 et seq.] (as 
in effect on August 12, 1981), and interest accumulated in such fund, 
shall be deposited in the Rural Development Loan Fund established under 
section 9812(c)(1) of this title and shall continue to be available to 
carry out the purposes of such fund. Funds appropriated to the Community 
Development Credit Union Revolving Loan Fund under title VII of the 
Economic Opportunity Act of 1964 (as in effect on August 12, 1981), and 
interest accumulated in such fund, shall continue to be available to 
carry out the purposes of such fund.

(Pub. L. 97-35, title VI, Sec. 633, Aug. 13, 1981, 95 Stat. 498.)

                       References in Text

    The Economic Opportunity Act of 1964, referred to in text, is Pub. 
L. 88-452, Aug. 20, 1964, 78 Stat. 508, as amended. Title VII of the 
Economic Opportunity Act of 1964 was classified generally to subchapter 
VII (Sec. 2981 et seq.) of chapter 34 of this title, prior to repeal by 
Pub. L. 97-35, title VI, Sec. 683(a), Aug. 13, 1981, 95 Stat. 519. For 
complete classification of this Act to the Code, see Tables.

                          Codification

    ``August 12, 1981'' substituted in text for ``the day before the 
date of the enactment of this Act''.


   Transfer of Community Development Credit Union Revolving Loan Fund

    Pub. L. 99-609, Nov. 6, 1986, 100 Stat. 3475, provided that:
``SECTION 1. SHORT TITLE.
    ``This Act may be cited as the `Community Development Credit Union 
Revolving Loan Fund Transfer Act'.
``SEC. 2. TRANSFER OF COMMUNITY DEVELOPMENT CREDIT UNION REVOLVING LOAN 
        FUND.
    ``(a) Administration of Fund by NCUA.--
        ``(1) In general.--Beginning on the date of the enactment of 
    this Act [Nov. 6, 1986], the National Credit Union Administration 
    Board shall administer the Community Development Credit Union 
    Revolving Loan Fund.
        ``(2) Transfer of authority.--All authority to carry out the 
    purposes of the Fund and to prescribe regulations in connection with 
    the administration of the Fund which, on the day before the date of 
    the enactment of this Act, was vested in the Secretary of Health and 
    Human Services shall vest on such date in the Board. Except as 
    provided in subsection (c), the Secretary shall have no further 
    responsibility with respect to the Fund.
    ``(b) Continued Availability of Appropriated Funds.--All funds 
appropriated to the Fund and interest accumulated in the Fund which 
continue to be available under section 633 of the Omnibus Budget 
Reconciliation Act of 1981 [42 U.S.C. 9822] shall continue to be 
available to the Board to carry out the purposes of the Fund.
    ``(c) Transfer of Assets; Etc.--The Secretary shall transfer to the 
National Credit Union Administration all assets, liabilities, grants, 
contracts, property, records, and funds held, used, arising from, or 
available to the Secretary in connection with the administration of the 
Fund before the end of the 60-day period beginning on the date of the 
enactment of this Act [Nov. 6, 1986].
    ``(d) Savings Provisions.--
        ``(1) Regulations.--Any regulations prescribed by the Secretary 
    in connection with the administration of the Fund shall continue in 
    effect until superseded by regulations prescribed by the Board.
        ``(2) Existing rights, duties, and obligations not affected.--
    Subsection (a) shall not be construed as affecting the validity of 
    any right, duty, or obligation of the United States or any other 
    person arising under or pursuant to any contract, loan, or other 
    instrument or agreement which was in effect on the day before the 
    date of the enactment of this Act [Nov. 6, 1986].
        ``(3) Continuation of suits.--No action or other proceeding 
    commenced by or against the Secretary in connection with the 
    administration of the Fund shall abate by reason of the enactment of 
    this Act, except that the Board shall be substituted for the 
    Secretary as a party to any such action or proceeding.
    ``(e) Definitions.--For purposes of this section--
        ``(1) Board.--The term `Board' means the National Credit Union 
    Administration Board.
        ``(2) Fund.--The term `Fund' means the Community Development 
    Credit Union Revolving Loan Fund established under title VII of the 
    Economic Opportunity Act of 1964 [see References in Text note above] 
    (as in effect before the date of the enactment of the Omnibus Budget 
    Reconciliation Act of 1981 [Aug. 13, 1981]).
        ``(3) Secretary.--The term `Secretary' means the Secretary of 
    Health and Human Services.''
