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

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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