
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 25USC1497a]

 
                            TITLE 25--INDIANS
 
    CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN 
                              ORGANIZATIONS
 
               SUBCHAPTER II--LOAN GUARANTY AND INSURANCE
 
Sec. 1497a. Supplemental surety bond guarantee


(a) Amount; eligibility

    The Secretary is authorized to provide a supplemental surety bond 
guarantee, not to exceed 20 percent of any loss, for any Indian 
individual or economic enterprise eligible for a surety guarantee under 
section 694b of title 15, so that the aggregate of the two guarantees is 
100 percent.

(b) Conditions

    The Secretary may provide a supplemental guarantee under this 
section only if the Secretary determines that--
        (1) the Indian individual or economic enterprise has secured or 
    will likely secure a surety bond guarantee under section 694b of 
    title 15;
        (2) the supplemental guarantee is necessary for the Indian 
    individual or economic enterprise to secure a surety bond;
        (3) no more than 25 percent of the surety's business is 
    comprised of bonds guaranteed pursuant to this section; and
        (4) the surety will provide appropriate technical assistance and 
    advice to, and monitor the performance of, the Indian individual or 
    economic enterprise for the prevention or mitigation of a loss.

(c) Fees and charges

    The rules and regulations promulgated by the Secretary to carry out 
this section shall include the setting of reasonable fees to be paid by 
the Indian individual or economic enterprise and reasonable premium 
charges to be paid by sureties. In setting fees and charges, the 
Secretary may take into consideration the cost to the surety of 
providing the services required by paragraph (4) of subsection (b) of 
this section. The receipts from the fees and charges shall be deposited 
in the Fund established by section 1497(a) of this title.

(Pub. L. 93-262, title II, Sec. 218, as added Pub. L. 100-442, 
Sec. 5(a), Sept. 22, 1988, 102 Stat. 1764.)


                            Prior Provisions

    A prior section 218 of Pub. L. 93-262 was renumbered section 219 by 
Pub. L. 100-442 and is classified to section 1498 of this title.
