41 U.S.C. § 110 : US Code - Section 110: Guarantee of loans, advances, etc.

Search 41 U.S.C. § 110 : US Code - Section 110: Guarantee of loans, advances, etc.

(a) By contract
Any contracting agency is authorized -
(1) to enter into contracts with any Federal Reserve bank, or
other public or private financing institution, guaranteeing such
financing institution against loss of principal or interest on
loans, discounts, or advances or on commitments in connection
therewith, which such financing institution may make to any war
contractor or to any person who is or has been engaged in
performing any operation deemed by such contracting agency to be
connected with or related to war production, for the purpose of
financing such war contractor or other person in connection with
or in contemplation of the termination of one or more such war
contracts or operations; and
(2) to make, enter into contracts to make, or to participate
with any Government agency, any Federal Reserve bank or public or
private financing institution in making loans, discounts, or
advances, or commitments in connection therewith, for the purpose
of financing any such war contractor or other person in
connection with or in contemplation of the termination of such
war contracts or operations.
(b) By assignment
Any such loan, discount, advance, guaranty, or commitment in
connection therewith may be secured by assignment of, or covenants
to assign, some or all of the rights of such war contractor or
other person in connection with the termination of such war
contracts or operations, or in such other manner as the contracting
agency may prescribe.
(c) Federal Reserve bank as fiscal agent
Subject to such regulations as the Board of Governors of the
Federal Reserve System may prescribe with the approval of the
Administrator of General Services, any Federal Reserve bank is
authorized to act, on behalf of the contracting agencies, as fiscal
agent of the United States in carrying out the purposes of this
chapter.
(d) Application of other laws
This section shall not limit or affect any authority of any
contracting agency, under any other statute, to make loans,
discounts, or advances, or commitments in connection therewith or
guaranties thereof.