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U.S Code last checked for updates: Nov 22, 2024
All Titles
Title 25
Chapter 17
Subchapter II
§ 1497. Indian Loan Guaranty and...
§ 1498. Rules and regulations...
§ 1497. Indian Loan Guaranty and...
§ 1498. Rules and regulations...
U.S. Code
Notes
§ 1497a.
Supplemental surety bond guarantee
(a)
Amount; eligibility
(b)
Conditions
The Secretary may provide a supplemental guarantee under this section only if the Secretary determines that—
(1)
the Indian individual or economic enterprise has secured or will likely secure a surety bond guarantee under
section 694b of title 15
;
(2)
the supplemental guarantee is necessary for the Indian individual or economic enterprise to secure a surety bond;
(3)
no more than 25 percent of the surety’s business is comprised of bonds guaranteed pursuant to this section; and
(4)
the surety will provide appropriate technical assistance and advice to, and monitor the performance of, the Indian individual or economic enterprise for the prevention or mitigation of a loss.
(c)
Fees and charges
(
Pub. L. 93–262, title II, § 218
, as added
Pub. L. 100–442, § 5(a)
,
Sept. 22, 1988
,
102 Stat. 1764
.)
cite as:
25 USC 1497a
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