Title 25, IndiansRelease 119-102
§1499 Limitation on Guarantee of Debt Issues; Approval of Bond Issue Sale
Title 25 › CHAPTER 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS › SUBCHAPTER II — LOAN GUARANTY AND INSURANCE › § 1499
Summary
The Secretary can guarantee up to 90 percent of the unpaid principal (the original amount borrowed) and interest on bonds, debentures, or similar obligations issued by an organization the Secretary approves. Those bonds are treated as a loan under sections 1482, 1483, 1484, 1485, 1486, 1489, 1490, 1491, 1493, 1494, 1495, 1496, and 1497 of this title. How a guaranteed bond issue is sold must be approved by the Secretary.
Full Legal Text
Title 25, §1499
Indians, Source: USLM XML via OLRC
(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 section 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.
Reference
Citations & Metadata
Citation
25 U.S.C. § 1499
Title 25, Indians
Last Updated
Aug 21, 2026
Release point: 119-102