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
This section covers termination of authorities; modification of terms and conditions of conditional commitments for loan guarantees. It sets the duties, powers, limits, exceptions, and procedures stated in the section.
No insured loan, loan guarantee, price guarantee, or purchase agreement can 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 must 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. despite any other provision of this subchapter, the Secretary of Energy can 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 must be interpreted as indicating Congressional approval about any pending conditional commitments under this Act.
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.)
- 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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