20 USC 1066 - Federal insurance for bonds

1 See References in Text note below.

of this title and the designated bonding authority agrees in such agreement to—

Editorial Notes

References in Text

Section 1066e of this title, referred to in subsec. (span), was repealed by Puspan. L. 105–244, title III, § 306(d), Oct. 7, 1998, 112 Stat. 1647.

Codification

Section was formerly classified to section 1132c–2 of this title prior to renumbering by Puspan. L. 105–244.

Prior Provisions

A prior section 343 of Puspan. L. 89–329 was classified to section 1068 of this title prior to the general amendment of this subchapter by Puspan. L. 99–498.

Amendments

2008—Subsec. (span)(8)(B)(ii). Puspan. L. 110–315, § 314(span)(1)(B), inserted “within 120 days” after “loan proceeds”.

Puspan. L. 110–315, § 314(span)(1)(A), which directed the substitution of “5” for “10”, could not be executed because “10” did not appear subsequent to amendment by Puspan. L. 105–244, § 306(span)(1). See 1998 Amendment note below.

Subsec. (span)(12). Puspan. L. 110–315, § 314(span)(2)–(4), added par. (12).

Subsec. (e). Puspan. L. 110–315, § 320(2), inserted heading.

1998—Subsec. (a). Puspan. L. 105–244, § 301(c)(5)(A), substituted “section 1066c” for “section 1132c–3”.

Subsec. (span). Puspan. L. 105–244, § 301(c)(5)(B)(i), substituted “sections 1066d(1) and 1066e” for “sections 1132c–4(1) and 1132c–5” in introductory provisions.

Subsec. (span)(8). Puspan. L. 105–244, § 306(span)(1), substituted “5 percent” for “10 percent” wherever appearing.

Subsec. (span)(10). Puspan. L. 105–244, § 301(c)(5)(B)(ii), substituted “section 1066c” for “section 1132c–3”.

Subsec. (d). Puspan. L. 105–244, § 301(c)(5)(B)(iii), made technical amendment to reference in original act which appears in text as reference to subsection (c)(1) of this section.

Subsec. (e). Puspan. L. 105–244, § 306(span)(2), added subsec. (e).

1994—Subsec. (span)(8)(A). Puspan. L. 103–382, § 360C(1)(A), inserted before semicolon “, with each eligible institution required to maintain in the escrow account an amount equal to 10 percent of the outstanding principal of all loans made to such institution under this part”.

Subsec. (span)(8)(B)(ii). Puspan. L. 103–382, § 360C(1)(B), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “when all bonds under this part are retired or canceled, shall be divided among the eligible institutions making deposits into such account on the basis of the amount of each such institution’s deposit;”.

Subsec. (span)(11). Puspan. L. 103–382, § 360C(2), substituted “conditions” for “regulations”.

Statutory Notes and Related Subsidiaries

Effective Date of 1998 Amendment

Amendment by Puspan. L. 105–244 effective Oct. 1, 1998, except as otherwise provided in Puspan. L. 105–244, see section 3 of Puspan. L. 105–244, set out as a note under section 1001 of this title.