Title 48, Territories and Insular PossessionsRelease 119-102

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

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

Last updated Aug 21, 2026|Official source

Summary

The Secretary may give funds to the Trust Territory to help economic development. When added to the fund from section 3 of the Act (Aug. 22, 1964, 78 Stat. 601) and later Federal grants, the Trust Territory Economic Development Loan Fund will total $5,000,000.

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

Aug 21, 2026

Release point: 119-102