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42 U.S.C. § 8834 — Termination of authorities; modification of terms and conditions of conditional commitments for loan guarantees
Federal law — U.S. Code and appendices · legal_authorities
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.
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Stable record: federal_law:legal_authorities:record_usc_5ec4351e900f51779d4fc1f3
Source file: Laws/federal/codes/united-states-code/title-42/section-8834-termination-of-authorities-modification-of-terms-and-conditions-of-condi--c771c5b0cd.md
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Source location: Title 42, Chapter 96, § 8834; chapter-096-biomass-energy-and-alcohol-fuels.md
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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.
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Federal law — U.S. Code and appendices · legal_authorities
The Farm Credit Administration shall encourage production credit associations, Federal land banks, and banks for cooperatives to use existing authorities to make loans to eligible persons for commercially feasible biomass energy projects.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8801
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Federal law — U.S. Code and appendices · legal_authorities
Page 7660
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 8834
1 So in original. No subpar. (B) has been enacted.
retary for such payment on terms and condi-
tions, including interest, which the Secretary
determines are sufficient to protect the finan-
cial interests of the United States.
(f) Preconditions
A loan may not be guaranteed under this sec-
tion unless the applicant for such loan has es-
tablished to the satisfaction of the Secretary of
Energy that the lender is not willing without
such a guarantee to extend credit to the appli-
cant at reasonable rates and terms, taking into
consideration prevailing market rates and terms
for loans for similar periods of time, to finance
the construction of the project for which such
loan is sought.
(g) Payment of interest; tax consequences
(1) With respect to any loan or debt obligation
which is—
(A) issued after June 30, 1980, by, or on be-
half of, any State or any political subdivision
or governmental entity thereof,
(B) guaranteed by the Secretary of Energy
under this section, and
(C) not supported by the full faith and credit
of the issuer as a general obligation of the
issuer,
the interest paid on such obligation and received
by the purchaser thereof (or the purchaser’s suc-
cessors in interest) shall be included in gross in-
come for the purposes of chapter 1 of title 26.
(2) With respect to the amount of obligations
described in paragraph (1) that the issuer would
have been able to issue as tax exempt obliga-
tions (other than obligations secured by the full
faith and credit of the issuer as a general obliga-
tion of the issuer), the Secretary of Energy is
authorized to pay only to the issuer any portion
of the interest on such obligations, as deter-
mined by the Secretary of the Treasury after
ta
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 8834
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