---
kind: "section"
citation: "48 U.S.C. § 1689"
title: "48"
title_heading: "Territories and Insular Possessions"
number: "1689"
heading: "Plan for use of grant to Trust Territory of the Pacific Islands Economic Development Loan Fund; loans; terms"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/48/1689"
units:
  - "Chapter 14 — Trust Territory of the Pacific Islands"
---

# §1689. Plan for use of grant to Trust Territory of the Pacific Islands Economic Development Loan Fund; loans; terms


The grant authorized by [section 1688 of this title](/usc/48/1688.md) 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.)