FEDERAL · 25 U.S.C. · Chapter 17
Limitation on guarantee of debt issues; approval of bond issue sale
Current through Pub. L. 119-102
Title 25 — Indians·Ch. 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS·Subch. II
(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.
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25 U.S.C. § 1499 (Limitation on guarantee of debt issues; approval of bond issue sale) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.)