Title 49, TransportationRelease 119-110
§41767 Termination
Title 49 › SUBTITLE VII — AVIATION PROGRAMS › PART A — AIR COMMERCE AND SAFETY › subpart ii — economic regulation › CHAPTER 417 — OPERATIONS OF CARRIERS › SUBCHAPTER III — REGIONAL AIR SERVICE INCENTIVE PROGRAM › § 41767
Summary
Stop issuing new federal credit instruments 5 years after this subchapter became law. After that date, the Secretary must keep managing any instruments issued earlier until their obligations are satisfied.
Full Legal Text
Title 49, §41767
Transportation, Source: USLM XML via OLRC
(a)Authority To Issue Federal Credit Instruments.—
The authority of the Secretary of Transportation to issue Federal credit instruments under section 41763 shall terminate on the date that is 5 years after the date of the enactment of this subchapter.
(b)Continuation of Authority To Administer Program for Existing Federal Credit Instruments.—
On and after the termination date, the Secretary shall continue to administer the program established under this subchapter for Federal credit instruments issued under this subchapter before the termination date until all obligations associated with such instruments have been satisfied.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The date of the enactment of this subchapter, referred to in subsec. (a), is the date of enactment of Pub. L. 106–181, which was approved Apr. 5, 2000.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable only to fiscal years beginning after Sept. 30, 1999, see section 3 of Pub. L. 106–181, set out as an
Effective Date
of 2000
Amendments
note under section 106 of this title.
Reference
Citations & Metadata
Citation
49 U.S.C. § 41767
Title 49, Transportation
Last Updated
Sep 22, 2026
Release point: 119-110