[United States Statutes at Large, Volume 124, 111th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]


Public Law 111-228
111th Congress

An Act


 
To provide adequate commitment authority for fiscal year 2010 for
guaranteed loans that are obligations of the General and Special Risk
Insurance Funds of the Department of Housing and Urban
Development. <>

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <>
SECTION 1. SHORT TITLE.

This Act may be cited as the ``General and Special Risk Insurance
Funds Availability Act of 2010''.
SEC. 2. ADEQUATE COMMITMENT AUTHORITY.

Notwithstanding any other provision of law, for fiscal year 2010 the
Secretary of Housing and Urban Development may enter into commitments to
guarantee loans, as authorized by sections 238 and 519 of the National
Housing Act (12 U.S.C. 1715z-3 and 1735c), in an amount not exceeding
$20,000,000,000 in total loan principal, any part of which is to be
guaranteed.
SEC. 3. BUDGETARY EFFECTS.

The budgetary effects of this Act, for the purpose of complying with
the Statutory Pay-As-You-Go Act of 2010, shall be determined by
reference to the latest statement titled ``Budgetary Effects of PAYGO
Legislation'' for this Act, submitted for printing in the Congressional
Record by the Chairman of the House Budget Committee, provided that such
statement has been submitted prior to the vote on passage.

Approved August 11, 2010.

LEGISLATIVE HISTORY--H.R. 5872:
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CONGRESSIONAL RECORD, Vol. 156 (2010):
July 28, considered and passed House.
Aug. 4, considered and passed Senate.