Subject to subsection (b), the authority of the Secretary to carry out this subchapter terminates on the date that is 10 years after December 22, 2006.
(b) Exception
The termination of authority under subsection (a) shall have no effect on—
(1)any loans guaranteed by the United States under this subchapter; or
(2)the administration of any loan guaranteed under this subchapter before the effective date of the termination of authority.
Subject to subsection (b), the authority of the Secretary to carry out this subchapter terminates on the date that is 10 years after December 22, 2006.
(b) Exception
The termination of authority under subsection (a) shall have no effect on—
(1)any loans guaranteed by the United States under this subchapter; or
(2)the administration of any loan guaranteed under this subchapter before the effective date of the termination of authority.
The table below lists the classification updates, since Jan. 7, 2011, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Friday, April 6, 2012
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.