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§ 120.300 Statutory authority.

13 CFR 120.300

Citation13 CFR 120.300
CorpusDaily eCFR
Displayed edition2026-08-31
Last updated2026-08-31

§ 120.300 Statutory authority.

Congress has authorized several special purpose programs in various subsections of section 7(a) of the Act. Generally, 7(a) loan policies, eligibility requirements and credit criteria enumerated in subpart B of this part apply to these programs. The sections of this subpart prescribe the special conditions applying to each special purpose program. As with other business loans, special purpose loans are available only to the extent funded by annual appropriations.