The law › Title 48, Territories and Insular Possessions › Chapter 12

48 U.S.C. 1574b: Federal guarantee for issuance of revenue bonds or other obligations

Created in 1976 by Public Law 94-392. Changed by 4 later laws. No bill we track in this Congress changes it.

2 other sections of the Code cite this one, including 48 U.S.C. 1574a, 48 U.S.C. 1574c.

How it got hereLaws that created or changed it, newest first

1986Pub. L. 99-514

1983Pub. L. 98-213

1983Pub. L. 98-146

1980Pub. L. 96-205

1976Pub. L. 94-392created it

48 U.S.C. 1574bFederal guarantee for issuance of revenue bonds or other obligations

(a)Application to Secretary of the Interior; contents

(b)Terms and conditions of guarantee or commitment to guarantee; determination by Secretary of approval

(c)Administrative costs; deposit of fees

(d)Conclusiveness and incontestability; pledge of full faith and credit

(e)Interest on guaranteed obligations taxable

(f)Maximum amount guaranteed; time limitations on commitments to guarantee, obligation of guaranteed but unobligated funds, and repayment of unobligated proceeds of bonds or other obligations

(g)Revolving fund; establishment; submission of budget to Congress; payments; transfers from fund to general fund of Treasury; issuance and sale of notes or other obligations for guarantees

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

No bill we track in the 119th Congress changes this section.

How it got here

1986

Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954". · (e)

1983

Pub. L. 98–213, §4(b)(1), and Pub. L. 98–146, §100(1), made nearly identical amendments relating to the use of the amounts of $28,000,000 and $12,000,000 of the guaranteed bonding authority. The text reflects the amendment by Pub. L. 98–213. · (b)
Pub. L. 98–213, §4(b)(2), and Pub. L. 98–146, §100(2), amended subsec. (f) identically, substituting "$101,000,000" for "$61,000,000" and "1990" for "1984" in two places. · (f)

1980

Pub. L. 96–205 substituted provisions relating to prohibitions on commitments to guarantee by the Secretary and obligation by the Virgin Islands government of guaranteed but unobligated funds, and repayment by the government of unobligated proceeds of bonds or other obligations after O… · (f)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.