Title 48 — Territories and Insular PossessionsRelease 119-73

§1688 Trust Territory of the Pacific Islands Economic Development Loan Fund

Title 48 › Chapter CHAPTER 14— - TRUST TERRITORY OF THE PACIFIC ISLANDS › § 1688

Last updated Apr 6, 2026|Official source

Summary

Congress can provide money for the Secretary of the Interior to give as a grant to the government of the Trust Territory of the Pacific Islands to help its economic development. Added to the development fund started on August 22, 1964 (78 Stat. 601) and later federal grants, the total will be $5,000,000 and will be called the Trust Territory Economic Development Loan Fund, under sections 1688–1693.

Full Legal Text

Title 48, §1688

Territories and Insular Possessions — Source: USLM XML via OLRC

For the purpose of promoting economic development in the Trust Territory of the Pacific Islands, there is authorized to be appropriated to the Secretary of the Interior, for payment to the government of the Trust Territory of the Pacific Islands as a grant in accordance with the provisions of sections 1688 to 1693 of this title, an amount which when added to the development fund established pursuant to section 3 of the Act of August 22, 1964 (78 Stat. 601), as augmented by subsequent Federal grants, will create a total fund of $5,000,000, which shall thereafter be known as the Trust Territory Economic Development Loan Fund.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 3 of the Act of August 22, 1964, referred to in text, is section 3 of act Aug. 22, 1964, Pub. L. 88–487, 78 Stat. 601, which is not classified to the Code.

Reference

Citations & Metadata

Citation

48 U.S.C. § 1688

Title 48 — Territories and Insular Possessions

Last Updated

Apr 6, 2026

Release point: 119-73