[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR32.302]



[Page 660]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 32_CONTRACT FINANCING--Table of Contents

 

           Subpart 32.3_Loan Guarantees for Defense Production

 

Sec. 32.302  Authority.



    Congress has authorized Federal Reserve Banks to act, on behalf of 

guaranteeing agencies, as fiscal agents of the United States in the 

making of loan guarantees for defense production (Section 301, Defense 

Production Act of 1950 (50 U.S.C. App. 2091)). By Executive Order 10480, 

August 14, 1953 (3 CFR 1949-53), as amended, the President has 

designated the following agencies as guaranteeing agencies:

    (a) Department of Defense.

    (b) Department of Energy.

    (c) Department of Commerce.

    (d) Department of the Interior.

    (e) Department of Agriculture.

    (f) General Services Administration.

    (g) National Aeronautics and Space Administration.