Summary

Omnibus Budget Reconciliation Act of 1990…

REESTIMATES.— When the estimated cost for a group of direct loans or loan guarantees for a given credit program made in a single fiscal year is reestimated in a subsequent year, the difference between the reestimated cost and the previous cost estimate shall be displayed as a distinct and separately identified subaccount in the credit program account as a change in program costs and a change in net interest.
Source: Wikisource

Omnibus Budget Reconciliation Act of 1990…

The term ``loan guarantee ́ ́ means any guarantee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal lender, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions. `` (4) The term ``loan guarantee commitment ́ ́ means a binding agreement by a Federal agency to make a loan guarantee when specified conditions are fulfilled by the borrower, the lender, or any other party to the guarantee agreement.
Source: Wikisource

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