48 U.S.C. · Territories and Insular Possessions
48 U.S.C. § 1689

Plan for use of grant to Trust Territory of the Pacific Islands Economic Development Loan Fund; loans; terms

Ch. 14 — TRUST TERRITORY OF THE PACIFIC ISLANDS
Title 48 U.S.C. ● ACTIVE Primary Source Ch. 14
Statutory Text

48 U.S.C. § 1689 — Plan for use of grant to Trust Territory of the Pacific Islands Economic Development Loan Fund; loans; terms

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 14 - TRUST TERRITORY OF THE PACIFIC ISLANDS Sec. 1689 - Plan for use of grant to Trust Territory of the Pacific Islands Economic Development Loan Fund; loans; terms From the U.S. Government Publishing Office, www.gpo.gov

§1689. Plan for use of grant to Trust Territory of the Pacific Islands Economic Development Loan Fund; loans; terms

The grant authorized by section 1688 of this title shall be made only after the government of the Trust Territory of the Pacific Islands has submitted to the Secretary of the Interior a plan for the use of the grant, and the plan has been approved by the Secretary. The plan shall provide among other things for a revolving fund to make loans or to guarantee loans to private enterprise. The term of any loan made pursuant to the plan shall not exceed twenty-five years.

(Pub. L. 92–257, §2, Mar. 21, 1972, 86 Stat. 87.)

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48 U.S.C. § 1689
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The statutory text of 48 U.S.C. § 1689 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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