12 USC § 4124 - Authorization of appropriations

---
identifier: "/us/usc/t12/s4124"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 4124 - Authorization of appropriations"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "4124"
section_name: "Authorization of appropriations"
chapter_number: 42
chapter_name: "LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP"
subchapter_number: "I"
subchapter_name: "PREPAYMENT OF MORTGAGES INSURED UNDER NATIONAL HOUSING ACT"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 100–242, title II, § 234, as added Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4274; amended Pub. L. 102–550, title III, § 301, Oct. 28, 1992, 106 Stat. 3762.)"
---


# § 4124. Authorization of appropriations

**(a)** **In general** There are authorized to be appropriated for assistance and incentives authorized under this subchapter $638,252,784 for fiscal year 1993 and $665,059,401 for fiscal year 1994.

**(b)** **Grants** section 4111(d)(2) of this title

Subject to approval in appropriation Acts, not more than $50,000,000 of the amounts made available under subsection (a) for fiscal year 1993, and not more than $50,000,000 of the amounts made available under subsection (a) for fiscal year 1994, shall be available for grants under .

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**Source Credit**: (Pub. L. 100–242, title II, § 234, as added Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4274; amended Pub. L. 102–550, title III, § 301, Oct. 28, 1992, 106 Stat. 3762.)

## Editorial Notes

### Amendments

1992— amended section generally. Prior to amendment, section read as follows:

“(a) .—There are authorized to be appropriated for assistance and incentives authorized under this chapter $425,000,000 for fiscal year 1991 and $858,000,000 for fiscal year 1992.

“(b) .—Of the amounts made available under subsection (a) of this section, not more than $100,000,000 for each of fiscal years 1991 and 1992 shall be available for grants under , subject to approval in appropriations Acts.”