The public comment period for this legislation has now ended.

TITLE I - Troubled Assets Relief Program

Sec. 118. Funding. (1 Comment) subscribe to the comments feed

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

1 comment on Sec. 118. Funding.

  • payment of administrative expenses? meaning a new jet? another yaught? i'm not paying taxes next year because of this malarchy unless it somehow doesn't go through but what chance is that seeing how govt is now run by lobbyists at my expense. these people got themselves into the mess, they wanted less rules governing how they did things. the common person doesn't get hand outs when they get behind on bills. govt made sure they couldn't declare bankruptcy so forget these goofs. Let them dig themselves out!

    posted by mogwai at September 29, 2008
The Sunlight Foundation supports, develops and deploys new Internet technologies to make information about Congress and the federal government more accessible to the American people. Through its projects and grant-making, Sunlight serves as a catalyst to create greater political transparency and to foster more openness and accountability in government. This Site may contain links to Internet sites that are not operated by Sunlight Foundation. These links are provided as a service and do not imply any endorsement of the activities or content of these sites, nor any association with their operators. Sunlight Foundation does not control these Internet sites and is not responsible for their content, security, or privacy practices. We urge you to review the privacy policy posted on web sites you visit before using the site or providing personal information.