§4983 — Title 10 Armed Forces | U.S. Code

§4983 Administration

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 › § 4983

Last updated Apr 6, 2026|Official source

Summary

Allows the Secretary of Defense to make one or more agreements with federal agencies or private companies to help run the loan guarantee program. Those partners can handle loan guarantee applications, manage loan repayments, and provide other services needed to run the program. Money paid for those agreements is treated as Department of Defense administrative costs for the loan guarantee program when accounting for the special account in section 4982(c).

Title 10, §4983

Armed Forces — Source: USLM XML via OLRC

(a)The Secretary of Defense may enter into one or more agreements, each with an appropriate Federal or private entity, under which such entity may, under this subchapter—

(1)process applications for loan guarantees;

(2)administer repayment of loans; and

(3)provide any other services to the Secretary to administer this subchapter.

(b)The costs of such agreements shall be considered, for purposes of the special account established under section 4982(c), to be costs of administrative expenses of the Department of Defense that are attributable to the loan guarantee program under this subchapter.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2021—Pub. L. 116–283, § 1873(b), (c)(2), renumbered section 2541b of this title as this section. Subsec. (b). Pub. L. 116–283, § 1873(e)(2), substituted “section 4982(c)” for “section 2541a(c)”.

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.