Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 14 - Aeronautics and Space |
Chapter VI - Air Transportation System Stabilization |
SubChapter A - Office of Management and Budget |
Part 1300 - Aviation Disaster Relief - Air Carrier Guarantee Loan Program |
Subpart B - Minimum Requirements and Application Procedures |
§ 1300.13 - Guarantee amount.
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§ 1300.13 Guarantee amount.
(a) Under Section 101(a)(1) of the Act, the Board is authorized to enter into agreements to issue Federal credit instruments that, in the aggregate, do not exceed $10 billion.
(b) The loan amount guaranteed to a single air carrier may not exceed that amount that, in the Board's sole discretion, the air carrier (or its successor) needs in order for it to provide commercial air services.