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42 U.S.C. § 8821 — Termination of authorities; modification of terms and conditions of conditional commitments for loan guarantees

submitted 46 years ago by Pub. L. 96-294 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 150 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

No insured loan, loan guarantee, price guarantee, or purchase agreement may be committed to or made under this subchapter after September 30, 1984, except that all conditional commitments for loan guarantees under this subchapter which were in existence on September 30, 1984, are hereby extended through June 30, 1987. This section shall not be construed to affect the authority of the Secretary concerned to spend funds after such date pursuant to any contract for financial assistance made on or before that date under this subchapter. Notwithstanding any other provision of this subchapter, the Secretary of Energy may modify the terms and conditions of any conditional commitment for a loan guarantee under this subchapter made before October 1, 1984, including the amount of the loan guarantee. Nothing in this section shall be interpreted as indicating Congressional approval with respect to any pending conditional commitments under this Act.

Source credit: (Pub. L. 96–294, title II, § 221, June 30, 1980, 94 Stat. 696; Pub. L. 99–24, § 1(a), Apr. 16, 1985, 99 Stat. 50; Pub. L. 99–190, § 101(a), Dec. 19, 1985, 99 Stat. 1185; Pub. L. 99–272, title VII, § 7301, Apr. 7, 1986, 100 Stat. 143; Pub. L. 99–500, § 101(h) [title III, § 318], Oct. 18, 1986, 100 Stat. 1783–242, 1783–286, and Pub. L. 99–591, § 101(h) [title III, § 318], Oct. 30, 1986, 100 Stat. 3341–242, 3341–287; Pub. L. 100–202, § 106, Dec. 22, 1987, 101 Stat. 1329–433.)

history & why it existsrecord from the source credit
  • 1980Enacted · Pub. L. 96-294 · 94 Stat. 696
  • 1985Amended · Pub. L. 99-24 · 99 Stat. 50
  • 1985Amended · Pub. L. 99-190 · 99 Stat. 1185
  • 1986Amended · Pub. L. 99-272 · 100 Stat. 143
  • 1986Amended · Pub. L. 99-500 · 100 Stat. 1783
  • 1987Amended · Pub. L. 100-202 · 101 Stat. 1329

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-294 on 1980-06-30.

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