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23 U.S.C. § 604

Lines of credit

United States · Title 23 — HIGHWAYS · Status: effective

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23 U.S.C. § 604, Lines of credit, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/459160
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Full text

Any draw on a line of credit under this section shall— A line of credit issued under this section— shall— be payable, in whole or in part, from— An obligor may assign a line of credit under this section to— The Secretary shall waive the requirement of subparagraph (A) for a public agency borrower that is financing ongoing capital programs and has outstanding senior bonds under a preexisting indenture, if— If the Secretary waives the nonsubordination requirement under this subparagraph— The Secretary shall establish repayment terms and conditions for each direct loan under this section based on— All repayments of principal or interest on a direct loan under this section shall be scheduled—

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.