13 C.F.R. § 500.209   Funding for the Program.


Title 13 - Business Credit and Assistance


Title 13: Business Credit and Assistance
PART 500—EMERGENCY OIL AND GAS GUARANTEED LOAN PROGRAM
Subpart C—Oil and Gas Guaranteed Loans

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§ 500.209   Funding for the Program.

The Act provides funding for the costs incurred by the Government as a result of granting Guarantees under the Program. While pursuing the goals of the Act, it is the intent of the Board to minimize the cost of the Program to the Government. The Board will estimate the risk posed by the guaranteed loans to the funds appropriated for the costs of the Guarantees under the Program and operate the Program accordingly.

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