{"identifier":"/us/usc/t10/s4971","title":10,"num":"\u00a7\u202f4971.","heading":"Establishment of loan guarantee program","text":"\u00a7\u202f4971.\nEstablishment of loan guarantee program\n(a)\nEstablishment.\u2014\nIn order to meet the national security objectives in\nsection 4811(a) of this title\n(b)\nCovered Countries.\u2014\nThe authority under subsection (a) applies with respect to the following countries:\n(1) A member nation of the North Atlantic Treaty Organization (NATO).\n(2) A country designated as of\nMarch 31, 1995\nsection 2350a(i)(3) of this title\n(3) A country in Central Europe that, as determined by the Secretary of State\u2014\n(A) has changed its form of national government from a nondemocratic form of government to a democratic form of government since\nOctober 1, 1989\n(B) is in the process of changing its form of national government from a nondemocratic form of government to a democratic form of government.\n(4) A noncommunist country that was a member nation of the Asia Pacific Economic Cooperation (APEC) as of\nOctober 31, 1993\n(c)\nAuthority Subject to Provisions of Appropriations.\u2014\nThe Secretary may guarantee a loan under this subchapter only to such extent or in such amounts as may be provided in advance in appropriations Acts.","url":"https://projectusc.org/usc/t10/s4971.html","content":[{"t":"sec","id":"/us/usc/t10/s4971","children":[{"t":"num","text":"\u00a7\u202f4971."},{"t":"heading","text":"Establishment of loan guarantee program"},{"t":"subsec","id":"/us/usc/t10/s4971/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Establishment.\u2014"},{"t":"content","text":"In order to meet the national security objectives in ","children":[{"t":"ref","text":"section 4811(a) of this title","href":"/us/usc/t10/s4811/a","tail":", the Secretary of Defense shall establish a program under which the Secretary may issue guarantees assuring a lender against losses of principal or interest, or both principal and interest, arising out of the financing of the sale or long-term lease of defense articles, defense services, or design and construction services to a country referred to in subsection (b)."}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t10/s4971/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Covered Countries.\u2014"},{"t":"chapeau","text":"The authority under subsection (a) applies with respect to the following countries:"},{"t":"para","id":"/us/usc/t10/s4971/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" A member nation of the North Atlantic Treaty Organization (NATO).","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t10/s4971/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" A country designated as of ","children":[{"t":"text","text":"March 31, 1995","tail":", as a major non-NATO ally pursuant to "},{"t":"ref","text":"section 2350a(i)(3) of this title","href":"/us/usc/t10/s2350a/i/3","tail":", as in effect on that date."}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t10/s4971/b/3","children":[{"t":"num","text":"(3)"},{"t":"chapeau","text":" A country in Central Europe that, as determined by the Secretary of State\u2014"},{"t":"subpara","id":"/us/usc/t10/s4971/b/3/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" has changed its form of national government from a nondemocratic form of government to a democratic form of government since ","children":[{"t":"text","text":"October 1, 1989","tail":"; or"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t10/s4971/b/3/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" is in the process of changing its form of national government from a nondemocratic form of government to a democratic form of government.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t10/s4971/b/4","children":[{"t":"num","text":"(4)"},{"t":"content","text":" A noncommunist country that was a member nation of the Asia Pacific Economic Cooperation (APEC) as of ","children":[{"t":"text","text":"October 31, 1993","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t10/s4971/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Authority Subject to Provisions of Appropriations.\u2014"},{"t":"content","text":"The Secretary may guarantee a loan under this subchapter only to such extent or in such amounts as may be provided in advance in appropriations Acts.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}