Sec. 302. Subordination
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/bill/118/hr/8926/ih/section-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1421 of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9621 ) is amended by adding at the end the following: The Corporation may accept a creditor status that is subordinate to that of other creditors, if the Corporation— has determined that an acceptable level of risk of non-payment or under-payment has been established; and provides to the appropriate congressional committees— notice of the determination of an acceptable level of risk of non-payment or under-payment; and the information required by paragraph (2).
The information required by this paragraph includes— the amount of each such financial commitment; an identification of the recipient or beneficiary; and a description of the project, activity, or asset and the development goal or purpose to be achieved by providing support by the Corporation. .
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