; (ii) a plan for repayment to the Treasury of the amounts borrowed, specifying the time and amounts of such payments; and (iii) if such borrowing is for the Mutual Mortgage Insurance Fund, how the FHA will comply with the capital restoration plan required under section 217(c). 2 Authority over Rural Housing Programs of Department of Agriculture 541. Authority over Rural Housing Service programs After the expiration of the transition period under section 551— (1) the FHA shall exercise (in addition to powers set forth in section 552) all authority and undertake all responsibilities of the Secretary of Agriculture under title V of the Housing Act of 1949 (as amended by this title), except as otherwise provided in this title and except that any authority that requires an appropriation may be conducted only to the extent that amounts are so appropriated; and (2) such authority shall not be subject to the review or approval of the Secretary of Agriculture. 542. Termination of Secretary of Agriculture’s rural housing authority After the expiration of the transition period under section 551, the Secretary of Agriculture may not exercise any authority under title V of the Housing Act of 1949 and any reference to the Secretary in such title shall be construed to refer to the FHA. 543. Continuation of Obligations This subtitle and section 552(4) may not be construed to affect the validity of any right, duty, or obligation of the United States or other person arising under or pursuant to any commitment or agreement lawfully entered into with the Secretary of Agriculture under title V of the Housing Act of 1949. 544. Status of employees This subtitle may not be construed to transfer or otherwise affect the status of any employee of the Department of Agriculture. 3 Transition 551. Transition period (a) In General For purposes of this subtitle, the term transition period means the period that— (1) begins on the date of the enactment of this Act