Title 15 — Commerce and Trade
Part A · Chapter 14B — Small Business Investment Program
§ 693. Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases
Statutory text
Without limiting the authority conferred upon the Administrator and the Administration by section 671 of this title, the Administrator and the Administration shall have, in the performance of and with respect to the functions, powers, and duties conferred by this part, all the authority and be subject to the same conditions prescribed in section 634(b) of this title with respect to loans, including the authority to execute subleases, assignments of lease and new leases with any person, firm, organization, or other entity, in order to aid in the liquidation of obligations of the Administration hereunder.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 85–699 title IV § 402 · 72 Stat. 689
Enacted · 15 U.S.C. § 693
Pub. L. 85–699, title IV, § 402, as added Pub. L. 89–117, title III, § 316(a), Aug. 10, 1965, 79 Stat. 483
Source evidence
Code source credit
Pub. L. 85–699, title IV, § 402, as added Pub. L. 89–117, title III, § 316(a), Aug. 10, 1965, 79 Stat. 483Housing and Urban Development Act of 1970
Pub. L. 91–609 title IX § 911(a)(2) · 84 Stat. 1770
Substituted · 15 U.S.C. § 693
Pub. L. 91–609 substituted “part” for “title”
Source evidence
Code amendment note
Pub. L. 91–609 substituted “part” for “title”.Enacted provision · exact public law section
(2) by striking out “this title”, wherever it appears in sections 401 and 402, and inserting in lieu thereof “this part”;
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments
1970—Pub. L. 91–609 substituted “part” for “title”.
Credits
1965–1970 · 2 acts
- 1965Pub. L. 85–699, title IV, § 402, as added Pub. L. 89–117, title III, § 316(a), , 79 Stat. 483
- 1970amended Pub. L. 91–609, title IX, § 911(a)(2), , 84 Stat. 1812.
Show as published
(Pub. L. 85–699, title IV, § 402, as added Pub. L. 89–117, title III, § 316(a), , 79 Stat. 483; amended Pub. L. 91–609, title IX, § 911(a)(2), , 84 Stat. 1812.)