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U.S. Code as of:
01/19/04
Section 3534. Transfer of functions
(a) Housing and Home Finance Agency, Federal Housing
Administration, and Public Housing Administration
Except as otherwise provided in subsection (b) of this section,
there are hereby transferred to and vested in the Secretary all of
the functions, powers, and duties of the Housing and Home Finance
Agency, of the Federal Housing Administration and the Public
Housing Administration in that Agency, and of the heads and other
officers and offices of said agencies.
(b) Government National Mortgage Association
The Government National Mortgage Association, together with its
functions, powers, and duties, is hereby transferred to the
Department.
(c) Studies of organization of housing and urban development
functions and programs and recommendations regarding transfer of
such functions and programs to or from Department
The President shall undertake studies of the organization of
housing and urban development functions and programs within the
Federal Government, and he shall provide the Congress with the
findings and conclusions of such studies, together with his
recommendations regarding the transfer of such functions and
programs to or from the Department. Notwithstanding any other
provision of this chapter, none of the functions of the Secretary
of the Interior authorized under the Land and Water Conservation
Fund Act of 1965 [16 U.S.C. 460l-4 et seq.] or other functions
carried out by the Bureau of Outdoor Recreation shall be
transferred from the Department of the Interior or in any way be
limited geographically unless specifically provided for by
reorganization plan pursuant to provisions of chapter 9 of title 5,
or by statute.
(d) Prohibition of merger of Office
Notwithstanding any other provision of this chapter, the
Secretary may not merge or consolidate the Office of Federal
Housing Enterprise Oversight of the Department, or any of the
functions or responsibilities of such Office, with any function or
program administered by the Secretary.
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