Amendment makes several technical changes including limiting the principal amount of loans that may be made to any single borrower to a maximum of $30 million; prohibits the payment for any loss arising out of fraud or misrepresentation for which the party seeking payment is responsible; and makes available up to $5 million for functions including subsidy cost and other expenses.

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Amendment Number
43
Description
Amendment makes several technical changes including limiting the principal amount of loans that may be made to any single borrower to a maximum of $30 million; prohibits the payment for any loss arising out of fraud or misrepresentation for which the party seeking payment is responsible; and makes available up to $5 million for functions including subsidy cost and other expenses.
Purpose
An amendment to make technical changes, establish default and procurement procedures, and allow up to $5 million to be made available for specified subsidy costs and other expenses.
Congress
106
Type
HAMDT
Latest Action Date
Apr 13, 1999
Latest Action Text
On agreeing to the Smith (NJ) amendment (A001) Agreed to by voice vote.
Latest Action Time
12:43:57
Submitted Date
Apr 13, 1999
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 43 — Informed