---
kind: "section"
citation: "25 U.S.C. § 1499"
title: "25"
title_heading: "Indians"
number: "1499"
heading: "Limitation on guarantee of debt issues; approval of bond issue sale"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/25/1499"
units:
  - "Chapter 17 — Financing Economic Development of Indians and Indian Organizations"
  - "Subchapter II — Loan Guaranty and Insurance"
---

# §1499. Limitation on guarantee of debt issues; approval of bond issue sale

- (a) The [Secretary](/usc/25/1452.md?p=a) may guarantee not to exceed 90 percent of the unpaid principal and interest due on an issue of bonds, debentures, or similar obligations issued by an organization satisfactory to the [Secretary](/usc/25/1452.md?p=a). Such an issue shall be deemed a loan for purposes of sections [1482](/usc/25/1482.md), [1483](/usc/25/1483.md), [1484](/usc/25/1484.md), [1485](/usc/25/1485.md), [1486](/usc/25/1486.md), [1489](/usc/25/1489.md), [1490](/usc/25/1490.md), [1491](/usc/25/1491.md), [1493](/usc/25/1493.md), [1494](/usc/25/1494.md), [1495](/usc/25/1495.md), [1496](/usc/25/1496.md), and [1497](/usc/25/1497.md) of this title.
- (b) The method by which an issue of bonds guaranteed under this section may be sold shall be subject to approval by the [Secretary](/usc/25/1452.md?p=a).

## Source credit

(Pub. L. 93–262, title II, § 220, as added Pub. L. 100–442, § 6, Sept. 22, 1988, 102 Stat. 1764.)