§ 4971. Establishment of loan guarantee program
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/usc/title-10/section-4971A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Establishment.— In order to meet the national security objectives in section 4811(a) of this title, the Secretary of Defense shall establish a program under which the Secretary may issue guarantees assuring a lender against losses of principal or interest, or both principal and interest, arising out of the financing of the sale or long-term lease of defense articles, defense services, or design and construction services to a country referred to in subsection (b).
(b)Covered Countries.— The authority under subsection
(a)applies with respect to the following countries:
(1)A member nation of the North Atlantic Treaty Organization (NATO).
(2)A country designated as of March 31, 1995, as a major non-NATO ally pursuant to section 2350a(i)(3) of this title, as in effect on that date.
(3)A country in Central Europe that, as determined by the Secretary of State—
(A)has changed its form of national government from a nondemocratic form of government to a democratic form of government since October 1, 1989; or
(B)is in the process of changing its form of national government from a nondemocratic form of government to a democratic form of government.
(4)A noncommunist country that was a member nation of the Asia Pacific Economic Cooperation
(APEC)as of October 31, 1993.
(c)Authority Subject to Provisions of Appropriations.— The Secretary may guarantee a loan under this subchapter only to such extent or in such amounts as may be provided in advance in appropriations Acts.
(Added Pub. L. 104–106, div. A, title XIII, § 1321(a)(1), Feb. 10, 1996, 110 Stat. 475, § 2540; amended Pub. L. 108–375, div. A, title X, § 1084(d)(21), Oct. 28, 2004, 118 Stat. 2062; renumbered § 4971 and amended Pub. L. 116–283, div. A, title XVIII, §§ 1873(b), (c)(1), 1883(b)(2), Jan. 1, 2021, 134 Stat. 4290, 4294.)
Connections5 cite this · traces to 7
Cited by 5 sections · top 3
public-private-law
U.S. Code
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Traces to 7 documents
U.S. Code
- National security strategy for national technology and industrial base§ 4811
- Cooperative research and development agreements: NATO organizations; allied and friendly foreign countries§ 2350a
- Renumbered § 4971]§ 2540
- Defense acquisition system; element of the defense acquisition system§ 3001
- Fees charged and collected§ 4974
28 references not yet in our index
- Pub. L. 104–106, div. A, title XIII, § 1321(a)(1)
- 110 Stat. 475
- Pub. L. 108–375, div. A, title X, § 1084(d)(21)
- 118 Stat. 2062
- 134 Stat. 4290
- Pub. L. 108–375
- Pub. L. 108–287, title VIII, § 8065
- 118 Stat. 985
- 135 Stat. 2155
- section 8065 of Pub. L. 108–287
- Pub. L. 108–87, title VIII, § 8066
- 117 Stat. 1087
- Pub. L. 107–248, title VIII, § 8067
- 116 Stat. 1551
- Pub. L. 107–117, div. A, title VIII, § 8073
- 115 Stat. 2264
- Pub. L. 106–259, title VIII, § 8071
- 114 Stat. 690
- Pub. L. 106–79, title VIII, § 8075
- 113 Stat. 1246
- Pub. L. 105–262, title VIII, § 8075
- 112 Stat. 2314
- Pub. L. 105–56, title VIII, § 8081
- 111 Stat. 1237
- Pub. L. 104–208, div. A, title I, § 101(b) [title VIII, § 8093]
- 110 Stat. 3009–71
- Pub. L. 104–61, title VIII, § 8075
- 109 Stat. 665
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§ 4971
Establishment of loan guarantee program
Pub. L.×2
Stat. Comp.×2
U.S.C.×1
Pub. L.Pub. L. 104–106, div. A, title XIII, § 1321(a)(1)
Stat.110 Stat. 475
Pub. L.Pub. L. 108–375, div. A, title X, § 1084(d)(21)
Stat.118 Stat. 2062
Stat.134 Stat. 4290
Cites 35 · showing 12Cited by 5 across 3 sources