United States Code
USC most recently checked for updates: Sep 28, 2023
§ 1481.
Issuance of notes and obligations for loan funds; amount; limitation; security; form and denomination; interest; purchase and sale by Treasury; public debt transaction
The Secretary may issue notes and other obligations for purchase by the Secretary of the Treasury for the purpose of making direct loans under this subchapter. The notes and obligations issued by the Secretary shall be secured by the obligations of borrowers and the Secretary’s commitments to make contributions under this subchapter and shall be repaid from the payment of principal and interest on the obligations of the borrowers and from funds appropriated hereunder. The notes and other obligations issued by the Secretary shall be in such forms and den
(July 15, 1949, ch. 338, title V, § 511, 63 Stat. 438; July 14, 1952, ch. 723, § 11(a), 66 Stat. 604; June 29, 1954, ch. 410, § 5(a), 68 Stat. 320; Aug. 2, 1954, ch. 649, title VIII, § 812(a), 68 Stat. 647; Aug. 11, 1955, ch. 783, title V, § 501(1), 69 Stat. 654; Aug. 7, 1956, ch. 1029, title VI, § 606(a), 70 Stat. 1114; Pub. L. 87–70, title VIII, §§ 801(c), 802, June 30, 1961 , 75 Stat. 186; Pub. L. 87–723, § 4(c)(1), Sept. 28, 1962 , 76 Stat. 672; Pub. L. 88–560, title V, § 501(a), Sept. 2, 1964 , 78 Stat. 796; Pub. L. 89–117, title X, § 1003(b), Aug. 10, 1965 , 79 Stat. 500; Pub. L. 98–181, title I [title V, § 508], Nov. 30, 1983 , 97 Stat. 1243; Pub. L. 98–479, title II, § 203(d)(4), Oct. 17, 1984 , 98 Stat. 2229.)
cite as: 42 USC 1481
