12 USC § 1705 - Allocation of funds

---
identifier: "/us/usc/t12/s1705"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 1705 - Allocation of funds"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "1705"
section_name: "Allocation of funds"
chapter_number: 13
chapter_name: "NATIONAL HOUSING"
subchapter_number: "I"
subchapter_name: "HOUSING RENOVATION AND MODERNIZATION"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(June 27, 1934, ch. 847, title I, § 4, 48 Stat. 1247; June 30, 1947, ch. 166, title II, § 206(l), 61 Stat. 208; Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17; Pub. L. 98–479, title II, § 204(a)(1), Oct. 17, 1984, 98 Stat. 2231.)"
---


# § 1705. Allocation of funds

For the purposes of carrying out the provisions of this subchapter and subchapters II and III, the President, in his discretion, is authorized to provide such funds or any portion thereof by allotment to the Secretary from any funds that are available, or may hereafter be made available, to the President for emergency purposes.

---

**Source Credit**: (June 27, 1934, ch. 847, title I, § 4, 48 Stat. 1247; June 30, 1947, ch. 166, title II, § 206(*l*), 61 Stat. 208; Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17; Pub. L. 98–479, title II, § 204(a)(1), Oct. 17, 1984, 98 Stat. 2231.)

## Editorial Notes

### Amendments

1984— substituted “such” for “suuch”.

1967— substituted “Secretary” for “Commissioner”.

1950—Act , § 122, substituted “Commissioner” for “Administrator”.

1947—Act , struck out references to Reconstruction Finance Corporation.