42 USC § 8821 - Termination of authorities; modification of terms and conditions of conditional commitments for loan guarantees

---
identifier: "/us/usc/t42/s8821"
source: "usc"
legal_status: "official_prima_facie"
title: "42 USC § 8821 - Termination of authorities; modification of terms and conditions of conditional commitments for loan guarantees"
title_number: 42
title_name: "THE PUBLIC HEALTH AND WELFARE"
section_number: "8821"
section_name: "Termination of authorities; modification of terms and conditions of conditional commitments for loan guarantees"
chapter_number: 96
chapter_name: "BIOMASS ENERGY AND ALCOHOL FUELS"
subchapter_number: "I"
subchapter_name: "GENERAL BIOMASS ENERGY DEVELOPMENT"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 96–294, title II, § 221, June 30, 1980, 94 Stat. 696; Pub. L. 99–24, § 1(a), Apr. 16, 1985, 99 Stat. 50; Pub. L. 99–190, § 101(a), Dec. 19, 1985, 99 Stat. 1185; Pub. L. 99–272, title VII, § 7301, Apr. 7, 1986, 100 Stat. 143; Pub. L. 99–500, § 101(h) [title III, § 318], Oct. 18, 1986, 100 Stat. 1783–242, 1783–286, and Pub. L. 99–591, § 101(h) [title III, § 318], Oct. 30, 1986, 100 Stat. 3341–242, 3341–287; Pub. L. 100–202, § 106, Dec. 22, 1987, 101 Stat. 1329–433.)"
---


# § 8821. Termination of authorities; modification of terms and conditions of conditional commitments for loan guarantees

September 30, 1984September 30, 1984June 30, 1987October 1, 1984

No insured loan, loan guarantee, price guarantee, or purchase agreement may be committed to or made under this subchapter after , except that all conditional commitments for loan guarantees under this subchapter which were in existence on , are hereby extended through . This section shall not be construed to affect the authority of the Secretary concerned to spend funds after such date pursuant to any contract for financial assistance made on or before that date under this subchapter. Notwithstanding any other provision of this subchapter, the Secretary of Energy may modify the terms and conditions of any conditional commitment for a loan guarantee under this subchapter made before , including the amount of the loan guarantee. Nothing in this section shall be interpreted as indicating Congressional approval with respect to any pending conditional commitments under this Act.

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**Source Credit**: (Pub. L. 96–294, title II, § 221, June 30, 1980, 94 Stat. 696; Pub. L. 99–24, § 1(a), Apr. 16, 1985, 99 Stat. 50; Pub. L. 99–190, § 101(a), Dec. 19, 1985, 99 Stat. 1185; Pub. L. 99–272, title VII, § 7301, Apr. 7, 1986, 100 Stat. 143; Pub. L. 99–500, § 101(h) [title III, § 318], Oct. 18, 1986, 100 Stat. 1783–242, 1783–286, and Pub. L. 99–591, § 101(h) [title III, § 318], Oct. 30, 1986, 100 Stat. 3341–242, 3341–287; Pub. L. 100–202, § 106, Dec. 22, 1987, 101 Stat. 1329–433.)

## Editorial Notes

### References in Text

This Act, referred to in text, is , , , known as the Energy Security Act. For complete classification of this Act to the Code, see Short Title note set out under  and Tables.

### Codification

is a corrected version of .

Amendment of section by  is based on section 630 of title VI of H.R. 3037 [Agriculture, Rural Development, and Related Agencies Appropriations Act, 1986], as incorporated by reference by , and enacted into law by .

### Amendments

1987—For amendment by , see 1985 Amendment note below.

1986— and  substituted “through ” for “through ”.

made amendment substantially identical to that by , substituting “through ” for “through ” and inserting provisions authorizing the Secretary of Energy to modify the terms and conditions of any conditional commitment for a loan guarantee under this subchapter made before , including the amount of the guarantee, and further providing that nothing in this section shall be interpreted as indicating Congressional approval with respect to any pending conditional commitments.

1985—, as enacted by , substituted “through ” for “through ” and inserted provisions authorizing the Secretary of Energy to modify the terms and conditions of any conditional commitment for a loan guarantee under this subchapter made before , including the amount of the guarantee, and further providing that nothing in this section shall be interpreted as indicating Congressional approval with respect to any pending conditional commitments. See Codification note above.

inserted “, except that all conditional commitments for loan guarantees under this subchapter which were in existence on , are hereby extended through ”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1985 Amendment

, , , provided that the amendment made by that section is effective on date of enactment [] of the “pertinent joint resolution” making continuing appropriations for fiscal year 1986 [].

### Pending Conditional Commitments

> “Enactment of this Act [amending this section] shall not be interpreted as indicating congressional approval with respect to any pending conditional commitments under this Act.”

, , , provided that: