25 USC 1497 - Indian Loan Guaranty and Insurance Fund

Editorial Notes

Amendments

2006—Subsec. (span). Puspan. L. 109–221 substituted “$1,500,000,000” for “$500,000,000”.

1998—Subsec. (f). Puspan. L. 105–362 struck out subsec. (f) which read as follows: “If the Secretary determines that the amount in the fund is not sufficient to maintain an adequate level of reserves necessary to meet the responsibilities of the fund in connection with losses on loans or surety bonds guaranteed or insured under this subchapter, the Secretary shall promptly submit a report notifying Congress of the deficiencies in the fund.”

1988—Subsec. (span). Puspan. L. 100–442, §§ 3, 5(d), inserted “or surety bonds” after “loans” in two places and substituted “$500,000,000” for “$200,000,000”.

Subsecs. (c), (d). Puspan. L. 100–442, § 5(d), inserted “or surety bonds” after “loans” wherever appearing.

Subsec. (e). Puspan. L. 100–442, §§ 4(a), 5(d), inserted “or surety bonds” after “loans” and substituted “All collections and all moneys appropriated pursuant to the authority of this subsection shall remain available” for “All collections shall remain”.

Subsec. (f). Puspan. L. 100–442, § 4(span), added subsec. (f).

1984—Subsec. (e). Puspan. L. 98–449 added subsec. (e).

Statutory Notes and Related Subsidiaries

Limitation on New Credit Authority

Puspan. L. 100–442, § 4(c), Sept. 22, 1988, 102 Stat. 1763, provided that:

“Any new credit authority (as defined in section 3 of the Congressional Budget and Impoundment Control Act of 1974 [2 U.S.C. 622]) which is provided by amendments made by this Act [enacting sections 1497a, 1499, and 1544 of this title and amending this section and sections 1452, 1484, 1485, 1496, and 1498 of this title] shall be effective only to such extent and in such amounts as may be approved in advance in appropriation Acts.”