FEDERAL · 48 U.S.C. · Chapter 14
Loans from Trust Territory of the Pacific Islands Economic Loan Fund; restrictions; guarantees
48 U.S.C. § 1690
Title48 — Territories and Insular Possessions
Chapter14 — TRUST TERRITORY OF THE PACIFIC ISLANDS
This text of 48 U.S.C. § 1690 (Loans from Trust Territory of the Pacific Islands Economic Loan Fund; restrictions; guarantees) 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
48 U.S.C. § 1690.
Text
No loan or loan guarantee shall be made under sections 1688 to 1693 of this title to any applicant who does not satisfy the territorial administering agency that financing is otherwise unavailable on reasonable terms and conditions. No loan or loan guarantee shall exceed (1) the amount which can reasonably be expected to be repaid, (2) the minimum amount necessary to accomplish the purposes of sections 1688 to 1693 of this title, or 25 per centum of the funds appropriated pursuant to section 1688 of this title. No loan guarantee shall guarantee more than 90 per centum of the outstanding amount of any loan, and the reserves maintained to guarantee the loan shall not be less than 25 per centum of the guarantee.
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Related
§ 1688
48 U.S.C. § 1688
Source Credit
History
(Pub. L. 92–257, §3, Mar. 21, 1972, 86 Stat. 87.)
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Bluebook (online)
48 U.S.C. § 1690, Counsel Stack Legal Research, https://law.counselstack.com/usc/48/1690.