12 USC § 5228 - Funding

---
identifier: "/us/usc/t12/s5228"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5228 - Funding"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5228"
section_name: "Funding"
chapter_number: 52
chapter_name: "EMERGENCY ECONOMIC STABILIZATION"
subchapter_number: "I"
subchapter_name: "TROUBLED ASSETS RELIEF PROGRAM"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 110–343, div. A, title I, § 118, Oct. 3, 2008, 122 Stat. 3786.)"
---


# § 5228. Funding

For the purpose of the authorities granted in this chapter, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, and the purposes for which securities may be issued under chapter 31 of title 31 are extended to include actions authorized by this chapter, including the payment of administrative expenses. Any funds expended or obligated by the Secretary for actions authorized by this chapter, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure or obligation.

---

**Source Credit**: (Pub. L. 110–343, div. A, title I, § 118, Oct. 3, 2008, 122 Stat. 3786.)

## Editorial Notes

### References in Text

This chapter, referred to in text, was in the original “this Act” and was translated as reading “this division”, meaning div. A of , , , known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under  and Tables.