Reconstruction Finance Corporation Act of 1983

[AI summary unavailable — showing source text] Reconstruction Finance Corporation Act of 1983 - Establishes the Reconstruction Finance Corporation with a principal office in the District of Columbia. States that the Corporation shall have a capital stock of $5,000,000,000 to be appropriated from the Treasury of the United States. Authorizes the Corporation, in order to aid in financing agriculture, commerce, and industry, to make loans to any business concern to: (1) enable such concern to finance plant construction, conversion, or expansion, or the acquisition of equipment, facilities, or materials; (2) supply it with working capital; or (3) aid it in the payment of current debts or obligations. Prohibits a loan to any business concern unless such concern is otherwise unable to obtain one on reasonable terms. Allows a term for such a loan of up to ten years, extendable to 12 years. States that each such loan shall bear interest at a rate equal to the current average yield on all outstanding obligations of the United States as of the last day of the month immediately preceding the month in which the loan is made. Prohibits the payment of fees or commissions by any applicant for a loan or loan guarantee under this Act. Requires …