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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 25 U.S.C. § 1499 Limitation on guarantee of debt issues; approval of bond issue sale us united_states_code code_section 25 INDIANS 17 FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS 1499 25 U.S.C. § 1499 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip /us/usc/t25/s1499 data/legal/raw/us/code/title-25/usc25.xml 717f6b2929c77d6213d3aa69e0cf0b657e182edc3dc0052a220899bed443909d d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 2ca8f76426e0cf1b6acd19e9ecdb09869ba135136387be4b3211dbd1c8e88fe9 2026-07-04 official
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25 U.S.C. § 1499 - Limitation on guarantee of debt issues; approval of bond issue sale

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.

(Pub. L. 93262, title II, § 220, as added Pub. L. 100442, § 6, Sept. 22, 1988, 102 Stat. 1764.)