2013 US Code
Title 51 - National and Commercial Space Programs
Subtitle V - Programs Targeting Commercial Opportunities (§§ 50101 - 51105)
Chapter 503 - COMMERCIAL REUSABLE IN-SPACE TRANSPORTATION (§§ 50301 - 50302)
Section 50302 - Loan guarantees for production of commercial reusable in-space transportation
Publication Title | United States Code, 2012 Edition, Supplement 1, Title 51 - NATIONAL AND COMMERCIAL SPACE PROGRAMS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 51 - NATIONAL AND COMMERCIAL SPACE PROGRAMS Subtitle V - Programs Targeting Commercial Opportunities CHAPTER 503 - COMMERCIAL REUSABLE IN-SPACE TRANSPORTATION Sec. 50302 - Loan guarantees for production of commercial reusable in-space transportation |
Contains | section 50302 |
Date | 2013 |
Laws in Effect as of Date | January 16, 2014 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 111-314, §3, Dec. 18, 2010, 124 Stat. 3402. |
Statutes at Large References | 104 Stat. 1388-609 116 Stat. 1574 124 Stat. 3402 |
Public Law References | Public Law 93-344, Public Law 101-508, Public Law 107-248, Public Law 111-314 |
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(a)
(b)
(c)
(d)
(1)
(2)
(e)
(1)
(2)
(A) provide income which is excluded from gross income for purposes of chapter 1 of the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.); or
(B) provide significant collateral or security, as determined by the Secretary, for other obligations the income from which is so excluded.
(3)
(A) That the guarantee has been properly obtained.
(B) That the loan qualifies for the guarantee.
(C) That, but for fraud or material misrepresentation by the holder of the loan, the guarantee is valid, legal, and enforceable.
(4)
(f)
(1)
(2)
(3)
(A) assume control of the physical asset financed by the loan; and
(B) complete, recondition, reconstruct, renovate, repair, maintain, operate, or sell the physical asset.
(g)
(1)
(2)
(3)
(Pub. L. 111–314, §3, Dec. 18, 2010, 124 Stat. 3402.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
50302 | 42 U.S.C. 14752. | Pub. L. 107–248, title IX, §903, Oct. 23, 2002, 116 Stat. 1574. |
In subsection (f)(2), the word "forbear" is substituted for "forebear" to correct an error in the law.
In subsection (g)(1), the words "services or systems" are substituted for "services or system" to correct an error in the law.
REFERENCES IN TEXTThe Federal Credit Reform Act of 1990, referred to in subsec. (g)(1), (2), is title V of Pub. L. 93–344, as added by Pub. L. 101–508, title XIII, §13201(a), Nov. 5, 1990, 104 Stat. 1388–609, which is classified generally to subchapter III (§661 et seq.) of chapter 17A of Title 2, The Congress. For complete classification of this Act to the Code, see Short Title note set out under section 621 of Title 2 and Tables.
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