10 U.S.C. § 2540 (ARMED FORCES)
[§ 2540. Renumbered § 4971]
heading: Editorial Notes
heading: Prior Provisions
text: A prior section 2540, acts Aug. 10, 1956, ch. 1041, 70A Stat. 141, § 2511; renumbered § 2521, Nov. 5, 1990, Pub. L. 101–510, div. A, title VIII, § 823(a)(2), 104 Stat. 1600; renumbered § 2540, Dec. 5, 1991, Pub. L. 102–190, div. A, title VIII, § 821(e)(3), 105 Stat. 1432, related to availability or issuance to reserve components of supplies, services, and facilities of armed forces, prior to repeal by Pub. L. 103–337, div. A, title XVI, §§ 1664(c)(2), 1691, Oct. 5, 1994, 108 Stat. 3012, 3026, effective Dec. 1, 1994. See section 18502 of this title.
Another prior section 2540 was renumbered section 4884 of this title.
heading: Statutory Notes and Related Subsidiaries
heading: Authority To Issue Loan Guarantees
text: Pub. L. 108–287, title VIII, § 8065, Aug. 5, 2004, 118 Stat. 985, as amended by Pub. L. 116–283, div. A, title XVIII, § 1873(d), Jan. 1, 2021, 134 Stat. 4290; Pub. L. 117–81, div. A, title XVII, § 1702(b)(3), Dec. 27, 2021, 135 Stat. 2155, provided that: “To the extent authorized by subchapter I of chapter 389 of title 10, United States Code, for the current fiscal year and hereafter the Secretary of Defense may issue loan guarantees in support of United States defense exports not otherwise provided for: Provided, That the total contingent liability of the United States for guarantees issued under the authority of this section may not exceed $15,000,000,000: Provided further, That the exposure fees charged and collected by the Secretary for each guarantee shall be paid by the country involved and shall not be financed as part of a loan guaranteed by the United States: Provided further, That the Secretary shall provide quarterly reports to the Committees on Appropriations, Armed Services, and Foreign Relations of the Senate and the Committees on Appropriations, Armed Services, and International Relations [now Committee on Foreign Affairs] in the House of Representatives on the implementation of this program: Provided further, That amounts charged for administrative fees and deposited to the special account provided for under section 4974(d) of title 10, shall be available for paying the costs of administrative expenses of the Department of Defense that are attributable to the loan guarantee program under subchapter I of chapter 389 of title 10, United States Code.”
[Pub. L. 116–283, § 1873(d), and Pub. L. 117–81, § 1702(b)(3), made identical amendments to section 8065 of Pub. L. 108–287, set out above, substituting “subchapter I of chapter 389” for “subchapter VI of chapter 148” in two places and “section 4974(d)” for “section 2540c(d)”. The amendment by Pub. L. 117–81 was effective as if included in title XVIII of Pub. L. 116–283, thus making the amendments effective simultaneously.]
Similar provisions were contained in the following prior appropriation acts:
Pub. L. 108–87, title VIII, § 8066, Sept. 30, 2003, 117 Stat. 1087.
Pub. L. 107–248, title VIII, § 8067, Oct. 23, 2002, 116 Stat. 1551.
Pub. L. 107–117, div. A, title VIII, § 8073, Jan. 10, 2002, 115 Stat. 2264.
Pub. L. 106–259, title VIII, § 8071, Aug. 9, 2000, 114 Stat. 690.
Pub. L. 106–79, title VIII, § 8075, Oct. 25, 1999, 113 Stat. 1246.
Pub. L. 105–262, title VIII, § 8075, Oct. 17, 1998, 112 Stat. 2314.
Pub. L. 105–56, title VIII, § 8081, Oct. 8, 1997, 111 Stat. 1237.
Pub. L. 104–208, div. A, title I, § 101(b) [title VIII, § 8093], Sept. 30, 1996, 110 Stat. 3009–71, 3009–107.
Pub. L. 104–61, title VIII, § 8075, Dec. 1, 1995, 109 Stat. 665.
heading: Report on Defense Export Loan Guarantee Program
text: Pub. L. 104–106, div. A, title XIII, § 1321(b), Feb. 10, 1996, 110 Stat. 477, provided that, not later than two years after Feb. 10, 1996, the President was to submit to Congress a report on the loan guarantee program established pursuant to this section.