SEC-309 -- TRANSITION.


 (a) Authority of Secretary.-Upon the termination of the Trust as
provided in section 310, the Secretary of Housing and Urban Development
shall exercise any authority of the Board of Directors and the Trust in
accordance with the provisions of this subtitle as may be necessary to
provide for the conclusion of the outstanding affairs of the Trust.

 (b) Applicability of Trust Provisions.-Any assistance under this
subtitle shall, after termination of the Trust, be subject to the
provisions of this subtitle that would have applied to such assistance
if the termination had not occurred.

 (c) Certification of Fund to Treasury.-Upon a determination by the
Secretary of Housing and Urban Development that the National
Homeownership Trust Fund is no longer necessary, the Secretary shall
certify any amounts remaining in the Fund to the Secretary of the
Treasury and the Secretary of the Treasury shall deposit into the
general fund of the Treasury as miscellaneous receipts any amounts
remaining in the Fund.