
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 25USC1499]

 
                            TITLE 25--INDIANS
 
    CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN 
                              ORGANIZATIONS
 
               SUBCHAPTER II--LOAN GUARANTY AND INSURANCE
 
Sec. 1499. Limitation on guarantee of debt issues; approval of 
        bond issue sale
        
    (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.

(Pub. L. 93-262, title II, Sec. 220, as added Pub. L. 100-442, Sec. 6, 
Sept. 22, 1988, 102 Stat. 1764.)
