Title 25 — Indians
Chapter 17 — Financing Economic Development of Indians and Indian Organizations
§ 1467. Security for loan; assignment of securities; reasonable assurance of repayment
Statutory text
Any organization receiving a loan from the revolving loan fund shall be required to assign to the United States as security for the loan all securities acquired in connection with the loans made to its members from such funds unless the Secretary determines that the repayment of the loan to the United States is otherwise reasonably assured.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Indian Financing Act of 1974
Pub. L. 93–262 title I § 107 · [88 Stat. 77]
Enacted · 25 U.S.C. § 1467
(Pub. L. 93–262, title I, § 107, Apr. 12, 1974, 88 Stat. 79.)
Source evidence
Code source credit
(Pub. L. 93–262, title I, § 107, Apr. 12, 1974, 88 Stat. 79.)Enacted provision · exact public law section
Sec. 107. Any organization receiving a loan from the revolving loan 25 USC 1467. fund shall be required to assign to the United States as security for the loan all securities acquired in connection with the loans made to its members from such funds unless the Secretary determines that the repayment of the loan to the United States is otherwise reasonably assured.
1 of 1 references resolved to an enrolled provision