2017 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine
Part C - Financial Assistance Programs
Chapter 537 - Loans and Guarantees
Subchapter I - General
Sec. 53705 - Pledge of United States Government
| 46 U.S.C. § 53705 (2017) | |||||||||
| §53705. Pledge of United States Government | |||||||||
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(a) Full Faith and Credit.—The full faith and credit of the United States Government is pledged to the payment of a guarantee made under this chapter, for both principal and interest, including interest (as may be provided for in the guarantee) accruing between the date of default under a guaranteed obligation and the date of payment in full of the guarantee. (b) Incontestability.—A guarantee or commitment to guarantee made under this chapter is conclusive evidence of the eligibility of the obligation for the guarantee. The validity of a guarantee or commitment to guarantee made under this chapter is incontestable. |
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(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1606; Pub. L. 109–163, div. C, title XXXV, §3507(a)(1)(C), Jan. 6, 2006, 119 Stat. 3555; Pub. L. 110–181, div. C, title XXXV, §3522(b), Jan. 28, 2008, 122 Stat. 598.) |
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2008—Pub. L. 110–181 repealed Pub. L. 109–163, §3507(a)(1)(C). See 2006 Amendment note below. 2006—Pub. L. 109–163, §3507(a)(1)(C), which directed the amendment of section 1273(e) of the former Appendix to this title from which this section was derived in part by striking "Secretary" each place it appears and inserting "Secretary or Administrator", was repealed by Pub. L. 110–181. See Historical and Revision notes above. |
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| United States Code, 2012 Edition, Supplement 5, Title 46 - SHIPPING | |||||||||
| Bills and Statutes | |||||||||
| United States Code | |||||||||
| Y 1.2/5: | |||||||||
| Title 46 - SHIPPING Subtitle V - Merchant Marine Part C - Financial Assistance Programs CHAPTER 537 - LOANS AND GUARANTEES SUBCHAPTER I - GENERAL Sec. 53705 - Pledge of United States Government |
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| section 53705 | |||||||||
| 2017 | |||||||||
| January 12, 2018 | |||||||||
| Yes | |||||||||
| standard | |||||||||
| 52 Stat. 969 67 Stat. 626 68 Stat. 1268 70 Stat. 332, 1087 84 Stat. 1035 86 Stat. 910 95 Stat. 166 98 Stat. 3130 119 Stat. 3555 120 Stat. 1606 122 Stat. 598 |
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| Public Law 91-469, Public Law 92-507, Public Law 97-31, Public Law 98-595, Public Law 109-163, Public Law 109-304, Public Law 110-181 |
