{"identifier":"/us/usc/t46/s53717","title":46,"num":"\u00a7\u202f53717.","heading":"Management of funds in the Treasury","text":"\u00a7\u202f53717.\nManagement of funds in the Treasury\n(a)\nDefinition.\u2014\nIn this section, the term \u201cFCRA\u201d means the Federal Credit Reform Act of 1990 (\n2 U.S.C. 661\n(b)\nLoan Guarantees by Administrator.\u2014\n(1)\nWhen not subject to fcra.\u2014\nThe Administrator shall account for payments and disbursements involving obligations guaranteed under this chapter and not subject to FCRA in an account in the Treasury entitled the Federal Ship Financing Fund Liquidating Account (a liquidating account as defined in FCRA).\n(2)\nWhen subject to fcra.\u2014\nThe Administrator shall account for payments and disbursements involving obligations guaranteed under this chapter and subject to FCRA in a separate account in the Treasury entitled the Federal Ship Financing Guaranteed Loan Financing Account (a financing account as defined in FCRA).\n(c)\nLoan Guarantees by Secretary.\u2014\n(1)\nWhen not subject to fcra.\u2014\nThe Secretary shall account for payments and disbursements involving obligations guaranteed under this chapter and not subject to FCRA in a separate account in the Treasury established for this purpose.\n(2)\nWhen subject to fcra.\u2014\nThe Secretary shall account for payments and disbursements involving obligations guaranteed under this chapter and subject to FCRA in a separate account in the Treasury established for this purpose.\n(d)\nDirect Loans by Secretary.\u2014\nThe Secretary shall account for payments and disbursements involving direct loans made under this chapter in a separate account in the Treasury established for this purpose.","url":"https://projectusc.org/usc/t46/s53717.html","content":[{"t":"sec","id":"/us/usc/t46/s53717","children":[{"t":"num","text":"\u00a7\u202f53717."},{"t":"heading","text":"Management of funds in the Treasury"},{"t":"subsec","id":"/us/usc/t46/s53717/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Definition.\u2014"},{"t":"content","text":"In this section, the term \u201cFCRA\u201d means the Federal Credit Reform Act of 1990 (","children":[{"t":"ref","text":"2 U.S.C. 661","href":"/us/usc/t2/s661","tail":" et seq.)."}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s53717/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Loan Guarantees by Administrator.\u2014"},{"t":"para","id":"/us/usc/t46/s53717/b/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"When not subject to fcra.\u2014"},{"t":"content","text":"The Administrator shall account for payments and disbursements involving obligations guaranteed under this chapter and not subject to FCRA in an account in the Treasury entitled the Federal Ship Financing Fund Liquidating Account (a liquidating account as defined in FCRA).","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t46/s53717/b/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"When subject to fcra.\u2014"},{"t":"content","text":"The Administrator shall account for payments and disbursements involving obligations guaranteed under this chapter and subject to FCRA in a separate account in the Treasury entitled the Federal Ship Financing Guaranteed Loan Financing Account (a financing account as defined in FCRA).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s53717/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Loan Guarantees by Secretary.\u2014"},{"t":"para","id":"/us/usc/t46/s53717/c/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"When not subject to fcra.\u2014"},{"t":"content","text":"The Secretary shall account for payments and disbursements involving obligations guaranteed under this chapter and not subject to FCRA in a separate account in the Treasury established for this purpose.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t46/s53717/c/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"When subject to fcra.\u2014"},{"t":"content","text":"The Secretary shall account for payments and disbursements involving obligations guaranteed under this chapter and subject to FCRA in a separate account in the Treasury established for this purpose.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s53717/d","children":[{"t":"num","text":"(d)"},{"t":"heading","text":"Direct Loans by Secretary.\u2014"},{"t":"content","text":"The Secretary shall account for payments and disbursements involving direct loans made under this chapter in a separate account in the Treasury established for this purpose.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}