43 USC 2434 - Termination of authority

U.S Code last checked for updates: Apr 19, 2024

§ 2434.

Termination of authority

(a)

In general

Subject to subsection (b), the authority of the Secretary to carry out this subchapter terminates on the date that is 10 years after December 22, 2006.

(b)

Exception

The termination of authority under subsection (a) shall have no effect on—

(1)

any loans guaranteed by the United States under this subchapter; or

(2)

the administration of any loan guaranteed under this subchapter before the effective date of the termination of authority.

(Pub. L. 109–451, title II, § 215, Dec. 22, 2006, 120 Stat. 3361.)

cite as: 43 USC 2434