Sec. 11. Savings provision
69 words·~1 min read·
/bill/114/s/797/is/section-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This Act, and the amendments made by this Act, shall not affect any direct loan (or direct loan obligation) or an outstanding loan guarantee (or loan guarantee commitment) that was in effect prior to the date of enactment of this Act. Any such transaction entered into before the date of enactment of this Act shall be administered until completion under its terms as if this Act were not enacted.