14 C.F.R. § 1300.13   Guarantee amount.


Title 14 - Aeronautics and Space


Title 14: Aeronautics and Space
PART 1300—AVIATION DISASTER RELIEF—AIR CARRIER GUARANTEE LOAN PROGRAM
Subpart B—Minimum Requirements and Application Procedures

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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.

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