2017 US Code
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

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Citation 48 U.S.C. § 1689 (2017)
Section Name §1689. Plan for use of grant to Trust Territory of the Pacific Islands Economic Development Loan Fund; loans; terms
Section Text

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.

Source Credit

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

Publication Title United States Code, 2012 Edition, Supplement 5, Title 48 - TERRITORIES AND INSULAR POSSESSIONS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within 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
Contains section 1689
Date 2017
Laws In Effect As Of Date January 12, 2018
Positive Law No
Disposition standard
Statutes at Large References 86 Stat. 87
Public Law References Public Law 92-257
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