Sec. 608. Master credit agreements
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Section 502 ( 45 U.S.C. 822 ), as amended by subsections
(c)and
(d)of section 606 of this Act, is further amended by adding at the end the following: Subject to section 502(d) and paragraph
(2)of this subsection, the Secretary may enter into a master credit agreement that provides for all of the conditions for the provision of a direct loan or loan guarantee, as applicable, under this title and other applicable requirements to be satisfied prior to the issuance of the direct loan or loan guarantee. Each master credit agreement shall— establish the maximum amount and general terms and conditions of each applicable direct loan or loan guarantee; identify 1 or more dedicated non-Federal revenue sources that will secure the repayment of each applicable direct loan or loan guarantee; provide for the obligation of funds for the direct loans or loan guarantees after all requirements have been met for the projects subject to the master credit agreement; and provide 1 or more dates, as determined by the Secretary, before which the master credit agreement results in each of the direct loans or loan guarantees or in the release of the master credit agreement. .
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Sec. 608
Master credit agreements
Cite45 USC 822
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