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20 U.S.C. § 973

Application for indemnity agreements

United States · Title 20 — EDUCATION · Status: effective

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20 U.S.C. § 973, Application for indemnity agreements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/451870
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Any person, nonprofit agency, institution, or government desiring to make an indemnity agreement for eligible items under this chapter shall make application therefor in accordance with such procedures, in such form, and in such manner as the Council shall, by regulation, prescribe. An application under subsection (a) shall— Upon receipt of an application under this section, the Council shall, if such application conforms with the requirements of this chapter, approve the application and make an indemnity agreement with the applicant. Upon such approval, the agreement shall constitute a contract between the Council and the applicant pledging the full faith and credit of the United States to pay any amount for which the Council becomes liable under such agreement. The Council, for such purpose, is hereby authorized to pledge the full faith and credit of the United States.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 94-158(S. 1800)1975-12-20
    Arts and Artifacts Indemnity Act
    House: no recorded tallySenate: no recorded tally