{"data":{"id":"us/10-u.s.c.-4971","jurisdiction":"us","citation":"10 U.S.C. § 4971","heading":"Establishment of loan guarantee program","body":"(a) Establishment.—In order to meet the national security objectives in section 4811(a) of this title, the Secretary of Defense shall establish a program under which the Secretary may issue guarantees assuring a lender against losses of principal or interest, or both principal and interest, arising out of the financing of the sale or long-term lease of defense articles, defense services, or design and construction services to a country referred to in subsection (b). (b) Covered Countries.—The authority under subsection (a) applies with respect to the following countries:(1) A member nation of the North Atlantic Treaty Organization (NATO). (2) A country designated as of March 31, 1995, as a major non-NATO ally pursuant to section 2350a(i)(3) of this title, as in effect on that date. (3) A country in Central Europe that, as determined by the Secretary of State—(A) has changed its form of national government from a nondemocratic form of government to a democratic form of government since October 1, 1989; or (B) is in the process of changing its form of national government from a nondemocratic form of government to a democratic form of government. (4) A noncommunist country that was a member nation of the Asia Pacific Economic Cooperation (APEC) as of October 31, 1993. (c) Authority Subject to Provisions of Appropriations.—The Secretary may guarantee a loan under this subchapter only to such extent or in such amounts as may be provided in advance in appropriations Acts.","path":["Title 10—ARMED FORCES","CHAPTER 389—LOAN GUARANTEE PROGRAMS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc10@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:10Z","sha256":"c309b9a6b925bff5a8c5f10af778eade70be2c19dfd17efc1d474234e5b1afec","source_id":"us","stale":false,"prev":"us/10-u.s.c.-4961","next":"us/10-u.s.c.-4972"},"notice":"GroundRules: Original legal text. Not legal advice."}