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48 U.S.C. · Territories and Insular Possessions
48 U.S.C. § 1428b

Prerequisite for loan or loan guarantee; maximum participation in available funds; reserves for loan guarantees

Ch. 8A — GUAM
Title 48 U.S.C. ● ACTIVE Primary Source Ch. 8A
Statutory Text

48 U.S.C. § 1428b — Prerequisite for loan or loan guarantee; maximum participation in available funds; reserves for loan guarantees

U.S.C. Title 48 - TERRITORIES AND INSULAR POSSESSIONS 48 U.S.C. United States Code, 2023 Edition Title 48 - TERRITORIES AND INSULAR POSSESSIONS CHAPTER 8A - GUAM SUBCHAPTER VI - GUAM DEVELOPMENT FUND Sec. 1428b - Prerequisite for loan or loan guarantee; maximum participation in available funds; reserves for loan guarantees From the U.S. Government Publishing Office, www.gpo.gov

§1428b. Prerequisite for loan or loan guarantee; maximum participation in available funds; reserves for loan guarantees

No loan or loan guarantee shall be made under this subchapter to any applicant who does not satisfy the agency or agencies administering the plan that financing is otherwise unavailable on reasonable terms and conditions. The maximum participation in the funds made available under section 1428 of this title shall be limited (a) so that not more than 25 per centum of the funds actually appropriated by the Congress may be devoted to any single project (b) to 90 per centum of loan guarantee, and (c) with respect to all loans, to that decree of participation prudent under the circumstances of individual loans but directly related to the minimum essential participation necessary to accomplish the purposes of this subchapter: Provided, That, with respect to loan guarantees, the reserves maintained by the agency or agencies for the guarantees shall not be less than 25 per centum of the guarantee.

(Pub. L. 90–601, §4, Oct. 17, 1968, 82 Stat. 1172.)

Editorial Notes

Codification Section was not enacted as part of the Organic Act of Guam which comprises this chapter.

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC48-SEC-698AD8
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
48 U.S.C. § 1428b
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
d4537facf18ca999...
Semantic Edges
Pending — corpus passes queued
The statutory text of 48 U.S.C. § 1428b is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 48 U.S.C. § 1428a 48 U.S.C. § 1428c →
Ch. 8A — GUAM
48 U.S.C. § 142148 U.S.C. § 1421a48 U.S.C. § 1421b48 U.S.C. § 1421c48 U.S.C. § 1421d48 U.S.C. § 1421e48 U.S.C. § 1421f48 U.S.C. § 1421f148 U.S.C. § 1421g48 U.S.C. § 1421h48 U.S.C. § 1421i48 U.S.C. § 1421j48 U.S.C. § 1421k48 U.S.C. § 1421k148 U.S.C. § 1421l48 U.S.C. § 1421m48 U.S.C. § 1421n48 U.S.C. § 1421o48 U.S.C. § 1421p48 U.S.C. § 1421q48 U.S.C. § 1421q148 U.S.C. § 1421r48 U.S.C. § 142248 U.S.C. § 1422a48 U.S.C. § 1422b48 U.S.C. § 1422c48 U.S.C. § 1422d48 U.S.C. § 142348 U.S.C. § 1423a48 U.S.C. § 1423b
48 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 48 → 48 U.S.C. § 1428b