20 U.S. Code § 7223g - No full faith and credit for grantee obligations

No financial obligation of an eligible entity entered into pursuant to this subpart (such as an obligation under a guarantee, bond, note, evidence of debt, or loan) shall be an obligation of, or guaranteed in any respect by, the United States. The full faith and credit of the United States is not pledged to the payment of funds which may be required to be paid under any obligation made by an eligible entity pursuant to any provision of this subpart.

Source

(Pub. L. 89–10, title V, § 5228, as added Pub. L. 107–110, title V, § 501,Jan. 8, 2002, 115 Stat. 1803.)

 

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