Under this section, the Administrator may guarantee the debentures issued by a Renewable Fuel Capital Investment company only to the extent that the total face amount of outstanding guaranteed debentures of such company does not exceed 150 percent of the private capital of the company, as determined by the Administrator.
15 U.S. Code § 690d. Debentures
(a) In general
(b) Terms and conditionsThe Administrator may make guarantees under this section on such terms and conditions as it determines appropriate, except that—
(2) a debenture guaranteed under this section—
shall require no interest payments during the 5-year period beginning on the date the debenture is issued;
shall be prepayable without penalty after the end of the 1-year period beginning on the date the debenture is issued; and
shall require semiannual interest payments after the period described in subparagraph (C).
(c) Full faith and credit of the United States
(d) Maximum guarantee
(1) In general