22 USC 9623 - Payment of losses

U.S Code last checked for updates: May 07, 2024

§ 9623.

Payment of losses

(a)

Payments for defaults on guaranteed loans

(1)

In general

(2)

Subrogation

(3)

Recovery efforts

(b)

Limitation on payments

(1)

In general

(2)

Exception

(A)

In general

The Corporation may provide that—

(i)

appropriate adjustments in the insured dollar value be made to reflect the replacement cost of project assets; and

(ii)

compensation for a claim of loss under insurance of an equity investment under section 9621 of this title may be computed on the basis of the net book value attributable to the equity investment on the date of loss.

(3)

Additional limitation

(A)

In general

(B)

Exception

(c)

Actions by Attorney General

(d)

Rule of construction

(Pub. L. 115–254, div. F, title II, § 1423, Oct. 5, 2018, 132 Stat. 3498.)

cite as: 22 USC 9623