2021 US Code
Title 15 - Commerce and Trade
Chapter 14B - Small Business Investment Program
Subchapter IV-A - Guarantees
Part A - Commercial or Industrial Lease and Qualified Contract Guarantees
Sec. 693 - Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases

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Citation 15 U.S.C. § 693 (2021)
Section Name §693. Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases
Section Text

Without limiting the authority conferred upon the Administrator and the Administration by section 671 of this title, the Administrator and the Administration shall have, in the performance of and with respect to the functions, powers, and duties conferred by this part, all the authority and be subject to the same conditions prescribed in section 634(b) of this title with respect to loans, including the authority to execute subleases, assignments of lease and new leases with any person, firm, organization, or other entity, in order to aid in the liquidation of obligations of the Administration hereunder.

Source Credit

(Pub. L. 85–699, title IV, §402, as added Pub. L. 89–117, title III, §316(a), Aug. 10, 1965, 79 Stat. 483; amended Pub. L. 91–609, title IX, §911(a)(2), Dec. 31, 1970, 84 Stat. 1812.)


Editorial Notes EDITORIAL NOTES AMENDMENTS

1970—Pub. L. 91–609 substituted "part" for "title".

Publication Title United States Code, 2018 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 15 - COMMERCE AND TRADE
CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM
SUBCHAPTER IV-A - GUARANTEES
Part A - Commercial or Industrial Lease and Qualified Contract Guarantees
Sec. 693 - Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases
Contains section 693
Date 2021
Laws In Effect As Of Date January 3, 2022
Positive Law No
Disposition standard
Statutes at Large References 79 Stat. 483
84 Stat. 1812
Public Law References Public Law 85-699, Public Law 89-117, Public Law 91-609
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