§4982 — Title 10 Armed Forces | U.S. Code

§4982 Fees charged and collected

Title 10 › Subtitle Subtitle A— - General Military Law › Part PART V— - ACQUISITION › Subpart Subpart I— - Defense Industrial Base › Chapter CHAPTER 389— - LOAN GUARANTEE PROGRAMS › Subchapter SUBCHAPTER II— - CRITICAL INFRASTRUCTURE PROTECTION LOAN GUARANTEES › § 4982

Last updated Apr 6, 2026|Official source

Summary

The Secretary of Defense must charge a fee when providing a loan guarantee under this program. The fee has to be at least 75% of what it costs the Department to provide the guarantee. Fees go into a special Treasury account. Money in that account can be used, as Congress allows, to pay the program’s administrative costs. If the account lacks enough money in a fiscal year, the Secretary may use up to $500,000 from Defense-wide operations and maintenance funds and must repay those amounts from the special account later.

Title 10, §4982

Armed Forces — Source: USLM XML via OLRC

(a)The Secretary of Defense shall assess a fee for providing a loan guarantee under this subchapter.

(b)The amount of the fee shall be not less than 75 percent of the amount incurred by the Secretary to provide the loan guarantee.

(c)(1)Such fees shall be credited to a special account in the Treasury.

(2)Amounts in the special account shall be available, to the extent and in amounts provided in appropriations Acts, for paying the costs of administrative expenses of the Department of Defense that are attributable to the loan guarantee program under this subchapter.

(3)(A)If for any fiscal year amounts in the special account established under paragraph (1) are not available (or are not anticipated to be available) in a sufficient amount for administrative expenses of the Department of Defense for that fiscal year that are directly attributable to the administration of the program under this subchapter, the Secretary may use amounts currently available for operations and maintenance for Defense-wide activities, not to exceed $500,000 in any fiscal year, for those expenses.

(B)The Secretary shall, from funds in the special account established under paragraph (1), replenish operations and maintenance accounts for amounts expended under subparagraph (A).

Notes & Related Subsidiaries

Editorial Notes

Amendments

2021—Pub. L. 116–283 renumbered section 2541a of this title as this section.

Statutory Notes and Related Subsidiaries

Effective Date

of 2021 AmendmentAmendment by Pub. L. 116–283 effective Jan. 1, 2022, with additional provisions for delayed implementation and applicability of existing law, see section 1801(d) of Pub. L. 116–283, set out as a note preceding section 3001 of this title.