25 U.S.C. § 1497a
Supplemental surety bond guarantee
United States · Title 25 — INDIANS · Status: effective
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- Citation
- 25 U.S.C. § 1497a, Supplemental surety bond guarantee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/460940
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Full text
The Secretary is authorized to provide a supplemental surety bond guarantee, not to exceed 20 percent of any loss, for any Indian individual or economic enterprise eligible for a surety guarantee under section 694b of title 15, so that the aggregate of the two guarantees is 100 percent.
The Secretary may provide a supplemental guarantee under this section only if the Secretary determines that—
The rules and regulations promulgated by the Secretary to carry out this section shall include the setting of reasonable fees to be paid by the Indian individual or economic enterprise and reasonable premium charges to be paid by sureties. In setting fees and charges, the Secretary may take into consideration the cost to the surety of providing the services required by paragraph (4) of subsection (b). The receipts from the fees and charges shall be deposited in the Fund established by section 1497(a) of this title.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Indian Financing Act of 1974House: no recorded tallySenate: no recorded tally
- A bill to amend the Indian Financing Act of 1974, and for other purposes.House: no recorded tallySenate: no recorded tally