Title 15, Commerce and TradeRelease 119-102
§693 Powers of Administration Respecting Loans; Liquidation of Obligations Through Creation of New Leases, Execution of Subleases, and Assignments of Leases
Title 15 › CHAPTER 14B — SMALL BUSINESS INVESTMENT PROGRAM › SUBCHAPTER IV–A — GUARANTEES › Part A — Commercial or Industrial Lease and Qualified Contract Guarantees › § 693
Summary
Gives the Administrator and the Administration the same loan powers and rules found in section 634(b), without reducing the authority already given by section 671. They may make subleases, assign leases, and create new leases with any person or entity to help liquidate the Administration’s obligations under this part.
Full Legal Text
Title 15, §693
Commerce and Trade, Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1970—Pub. L. 91–609 substituted “part” for “title”.
Reference
Citations & Metadata
Citation
15 U.S.C. § 693
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102