Sec. 8. limitations on guarantee authority
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/statute-compilations/comps-1339/sec-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 8 limitations on guarantee authority ###
(a)The authority of the Board to extend loan guarantees under this Act shall not at any time exceed $1,500,000,000 in the aggregate principal amount outstanding. ###
(b)Subject to subsection (a), the total principal amount of loans which are guaranteed under this Act and which are outstanding at any time shall not exceed the amount of nonfederally guaranteed assistance under section 4(a) and the amount of concessions and contributions under section 6 which have accrued to the Corporation.