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48 U.S.C. § 1428b

Title 48 Chapter 8 Current through PL 119-73 Last updated: March 29, 2026 View on OLRC →
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§ 1428b. Prerequisite for loan or loan guarantee; maximum participation in available funds; reserves for loan guarantees

  • (a) so that not more than 25 per centum of the funds actually appropriated by the Congress may be devoted to any single project
  • (b) to 90 per centum of loan guarantee, and
  • (c) with respect to all loans, to that decree of participation prudent under the circumstances of individual loans but directly related to the minimum essential participation necessary to accomplish the purposes of this subchapter: Provided , That, with respect to loan guarantees, the reserves maintained by the agency or agencies for the guarantees shall not be less than 25 per centum of the guarantee.

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