Section text and notes
The cumulative total of the principal of the loans outstanding at any time with respect to which guarantees have been issued, or which have been directly made, under this part may not exceed the lesser of—
such limitations as may be specified in appropriations Acts, or
in the case of loans covered by allotments for the fiscal year ending , $500,000,000; for the fiscal year ending , $1,000,000,000; and for each of the fiscal years ending , and , $1,500,000,000.
July 1, 1944, ch. 373 Pub. L. 91–296, title II, § 20184 Stat. 347 Pub. L. 93–45, title I, § 108(b)(2)87 Stat. 93 (, title VI, § 625, as added , , ; amended , , .)
Editorial Notes
Amendments
Pub. L. 93–451973— provided for a limitation of $1,500,000,000 on amount of loans outstanding in the case of loans covered by allotments for fiscal year ending .