FEDERAL · 48 U.S.C. · Chapter 8A
Prerequisite for loan or loan guarantee; maximum participation in available funds; reserves for loan guarantees
Current through Pub. L. 119-102
No loan or loan guarantee shall be made under this subchapter to any applicant who does not satisfy the agency or agencies administering the plan that financing is otherwise unavailable on reasonable terms and conditions. The maximum participation in the funds made available under section 1428 of this title shall be limited (a) so that not more than 25 per centum of the funds actually appropriated by the Congress may be devoted to any single project (b) to 90 per centum of loan guarantee, and (c) with respect to all loans, to that decree of participation prudent under the circumstances of individual loans but directly related to the minimum essential participation necessary to accomplish the purposes of this subchapter: Provided, That, with respect to loan guarantees, the reserves maintain
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48 U.S.C. § 1428b (Prerequisite for loan or loan guarantee; maximum participation in available funds; reserves for loan guarantees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 1428
48 U.S.C. § 1428
Source Credit
History
(Pub. L. 90–601, §4, Oct. 17, 1968, 82 Stat. 1172.)
Editorial Notes
Editorial Notes
Codification
Section was not enacted as part of the Organic Act of Guam which comprises this chapter.
Codification
Section was not enacted as part of the Organic Act of Guam which comprises this chapter.