Page:Emergency Economic Stabilization Act of 2008.djvu/22

 O:kaYOkaYO08C04.xtl 22 1 (c) SALE OF TROUBLED ASSETS.--The SecretaT 2 may, at any time, upon terms and conditions and at a 3 price determined by the SecretaT, sell, or enter into secu- 4 rities loans, repurchase transactions, or other financial 5 transactions in regard to, any troubled asset purchased 6 under this Act. 7 (d) TRANSFER TO TREASURY. Revenues of', and 8 proceeds from the sale of' troubled assets purchased under 9 this Act, or from the sale, exercise, or surrender of' war- 10 rants or senior debt instruments acquired under section 11 113 shall be paid into the general fhnd of' the TreasuT 12 for reduction of' the public debt. 13 (e) APPLICATION OF SUNSET TO TROUBLED As- 14 SETS. The authority of' the SecretaT to hold any trou- 15 bled asset purchased under this Act before the termination 16 date in section 120, or to purchase or fhnd the purchase 17 of' a troubled asset under a commitment entered into be- 18 fore the termination date in section 120, is not subject 19 to the provisions of' section 120. 20 SEC. 107. CONTRACTING PROCEDURES. 21 (a) STREAMLINED PROCESS.--For pu?oses of' this 22 Act, the SecretaT may waive specific provisions of' the 23 Federal Acquisition Regulation upon a determination that 24 urgent and compelling circumstances make compliance 25 with such provisions contraT to the public interest. Any

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