FEDERAL · 25 U.S.C. · Chapter SUBCHAPTER II—LOAN GUARANTY AND INSURANCE
Limitation on guarantee of debt issues; approval of bond issue sale
25 U.S.C. § 1499
Title25 — Indians
ChapterSUBCHAPTER II—LOAN GUARANTY AND INSURANCE
This text of 25 U.S.C. § 1499 (Limitation on guarantee of debt issues; approval of bond issue sale) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
25 U.S.C. § 1499.
Text
(a)The Secretary may guarantee not to exceed 90 percent of the unpaid principal and interest due on an issue of bonds, debentures, or similar obligations issued by an organization satisfactory to the Secretary. Such an issue shall be deemed a loan for purposes of sections 1482, 1483, 1484, 1485, 1486, 1489, 1490, 1491, 1493, 1494, 1495, 1496, and 1497 of this title.
(b)The method by which an issue of bonds guaranteed under this section may be sold shall be subject to approval by the Secretary.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
§ 1482
25 U.S.C. § 1482
Source Credit
History
(Pub. L. 93–262, title II, §220, as added Pub. L. 100–442, §6, Sept. 22, 1988, 102 Stat. 1764.)
Cite This Page — Counsel Stack
Bluebook (online)
25 U.S.C. § 1499, Counsel Stack Legal Research, https://law.counselstack.com/usc/25/1499.