§ 1300.13. Guarantee amount.
66 words·~1 min read·
/us/cfr/t14/s§ 1300.13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Under Section 101(a)(1) of the Act, the Board is authorized to enter into agreements to issue Federal credit instruments that, in the aggregate, do not exceed $10 billion.
(b)The loan amount guaranteed to a single air carrier may not exceed that amount that, in the Board's sole discretion, the air carrier (or its successor) needs in order for it to provide commercial air services.