46 U.S.C. § 53719 — Best practices

submitted 7 years ago by Pub. L. 116-92 to r/title-46-SHIPPING · 48 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary or Administrator must review and update every standard loan guarantee document at least every four years. The goal is to keep the documents matching current commercial best practices, as far as the law allows.

This section is one undivided provision. The Secretary or Administrator must make sure that every standard document and agreement used for loan guarantees under this chapter is reviewed and updated at least every four years, so it matches current commercial best practices as far as the law allows.

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

The Secretary or Administrator shall ensure that all standard documents and agreements that relate to loan guarantees made pursuant to this chapter are reviewed and updated every four years to ensure that such documents and agreements meet the current commercial best practices to the extent permitted by law.

Source credit: (Added Pub. L. 116–92, div. C, title XXXV, § 3506(i)(1), Dec. 20, 2019, 133 Stat. 1973.)

history & why it existsrecord from the source credit

2019Enacted · Pub. L. 116-92 · 133 Stat. 1973

A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-92 on 2019-12-20.

all 0 arguments · sorted by: best

no arguments yet — make the first case