Whenever the Secretary of the Treasury (after consultation with the Secretary of Labor) determines that-
the Secretary shall transfer to the account referred to in paragraph (1) from the account referred to1 paragraph (3) an amount equal to the insufficiency determined under paragraph (1) (or, if less, the excess determined under paragraph (3)).
Any amount transferred under subsection (a)-
Whenever the Secretary of the Treasury (after consultation with the Secretary of Labor) determines that the amount in the account to which an advance is made under subsection (a) exceeds the amount necessary to meet the anticipated payments from the account, the Secretary shall transfer from the account to the account from which the advance was made an amount equal to the lesser of the amount so advanced or such excess.
1So in original. Probably should be "to in".
42 U.S.C. § 1110
EDITORIAL NOTES
PRIOR PROVISIONSA prior section 1110, act Aug. 14, 1935, ch. 531, title IX, §910, 49 Stat. 644, related to conditions of additional credit allowance. For further details, see Prior Law note set out preceding section 1101 of this title.
- Secretary
- The term "Secretary" means the Secretary of Housing and Urban Development.1See References in Text note below.