15 USC Ch. 45: Front Matter
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15 USC Ch. 45: Front Matter
From Title 15-COMMERCE AND TRADECHAPTER 45-EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

CHAPTER 45-EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

Sec.
1841.
Emergency Loan Guarantee Board; establishment; membership; voting.
1842.
Authority for loan guarantees; terms and conditions.
1843.
Limitations and conditions of loan guarantees.
(a)
Necessary findings.
(b)
Term of loans; renewal.
(c)
Interest rates, determination; guarantee fee.
1844.
Security for loan guarantees.
1845.
Requirements applicable to loan guarantees.
(a)
Stock dividends or other payments, prohibition; waiver.
(b)
Managerial changes.
(c)
Financial statement; access to documents.
(d)
Exhaustion of remedies.
(e)
Protective provisions; advances.
(f)
Loan security, priority; collateral.
1846.
Powers and duties.
(a)
Board; inspection of documents; disapproval of certain transactions.
(b)
General Accounting Office; audit; report to Board and Congress.
1847.
Maximum obligation.
1848.
Emergency loan guarantee fund.
(a)
Establishment; use; investment.
(b)
Guarantee fee; deposits in fund.
(c)
Payments; issuance of notes or other obligations when fund moneys insufficient: forms and denominations, maturities, terms and conditions, interest rate; public debt transaction.
1849.
Federal Reserve banks as fiscal agents.
1850.
Protection of Government's interest.
(a)
Attorney General, enforcement authority; payments into emergency loan guarantee fund.
(b)
Recovery rights; subrogation.
1851.
Reports to Congress; recommendations.
1852.
Termination date.