19 USC 2344 - Financial assistance

U.S Code last checked for updates: Oct 17, 2024

§ 2344.

Financial assistance

(a)

Direct loans and guarantees of loans

(b)

Allowable purposes

Loans or guarantees of loans shall be made under this part only for the purpose of making funds available to the firm—

(1)

for acquisition, construction, installation, modernization, development, conversion, or expansion of land, plant, buildings, equipment, facilities, or machinery, or

(2)

to supply such working capital as may be necessary to enable the firm to implement its adjustment proposal.

(c)

Limitation on direct loans

(d)

Limitations on loans and guarantees

(Pub. L. 93–618, title II, § 254, Jan. 3, 1975, 88 Stat. 2031; Pub. L. 97–35, title XXV, § 2522, Aug. 13, 1981, 95 Stat. 891; Pub. L. 99–272, title XIII, § 13006(b), Apr. 7, 1986, 100 Stat. 304.)

cite as: 19 USC 2344