The maturity of a loan made or guaranteed under this subchapter that is used in whole or in part for the construction, conversion, or expansion of facilities or for acquisition of real property may not exceed twenty years plus such additional reasonable time as the Secretary may determine, at the time the loan is made, is required to complete the construction, acquisition, or expansion of such facilities. The maturity of any other loan made or guaranteed under this subchapter may not exceed ten years.
Pub. L. 97–72, title III, § 302(a)95 Stat. 1058 Pub. L. 101–237, title III, § 313(b)(1)103 Stat. 2077 Pub. L. 102–83, § 5(a)105 Stat. 406 (Added , , , § 1846; amended , , ; renumbered § 3746, , , .)
Editorial Notes
Amendments
Pub. L. 102–83section 1846 of this title1991— renumbered as this section.
Pub. L. 101–2371989— substituted “Secretary” for “Administrator”.