15 USC 693: Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases

15 USC 693: Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases Text contains those laws in effect on April 25, 2024

From Title 15-COMMERCE AND TRADECHAPTER 14B-SMALL BUSINESS INVESTMENT PROGRAMSUBCHAPTER IV-A-GUARANTEESPart A-Commercial or Industrial Lease and Qualified Contract Guarantees

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§693. Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases

Without limiting the authority conferred upon the Administrator and the Administration by section 671 of this title, the Administrator and the Administration shall have, in the performance of and with respect to the functions, powers, and duties conferred by this part, all the authority and be subject to the same conditions prescribed in section 634(b) of this title with respect to loans, including the authority to execute subleases, assignments of lease and new leases with any person, firm, organization, or other entity, in order to aid in the liquidation of obligations of the Administration hereunder.

(Pub. L. 85–699, title IV, §402, as added Pub. L. 89–117, title III, §316(a), Aug. 10, 1965, 79 Stat. 483 ; amended Pub. L. 91–609, title IX, §911(a)(2), Dec. 31, 1970, 84 Stat. 1812 .)

Editorial Notes

Amendments

1970-Pub. L. 91–609 substituted "part" for "title".