A bill to amend the Indian Financing Act of 1974, and for other purposes.

Summary

Amends the Indian Financing Act of 1974 to provide that the term "loan" includes a bond issue of a tribe or an economic enterprise wholly owned by Indians. Increases the maximum amount of indebtedness that may be guaranteed for an individual from $350,000 to $500,000. Allows any guaranteed loan and the security given for it to be sold or assigned to any person. Increases the aggregate amount of loan guarantees that may be made under such Act from $200,000,000 to $500,000,000. Requires the Secretary of the Interior, if insufficient funds are available for payments required because of losses on insured or guaranteed loans, to submit to the Congress a request for additional appropriations.

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Documents

7 official files

• Public Law (PDF)

  Public Law · EN · 23 September 1988

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• Passed House amended

  summary · EN · 8 August 1988

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• Reported to House with amendment(s)

  summary · EN · 8 August 1988

  Open at official source

• Passed Senate amended, 2nd occurrence

  summary · EN · 17 November 1987

  Open at official source

• Passed Senate amended

  summary · EN · 5 November 1987

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• Reported to Senate with amendment(s)

  summary · EN · 7 August 1987

  Open at official source

• Introduced in Senate

  summary · EN · 11 June 1987

  Open at official source

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