§ 1486. — Loans ineligible for guaranty or insurance.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1486]
TITLE 25--INDIANS
CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN
ORGANIZATIONS
SUBCHAPTER II--LOAN GUARANTY AND INSURANCE
Sec. 1486. Loans ineligible for guaranty or insurance
Loans made by any agency or instrumentality of the Federal
Government, or by an organization of Indians from funds borrowed from
the United States, and loans the interest on which is not included in
gross income for the purposes of chapter 1 of title 26 shall not be
eligible for guaranty or insurance hereunder.
(Pub. L. 93-262, title II, Sec. 206, Apr. 12, 1974, 88 Stat. 80; Pub. L.
99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 2095.)
Amendments
1986--Pub. L. 99-514 substituted ``Internal Revenue Code of 1986''
for ``Internal Revenue Code of 1954'', which for purposes of
codification was translated as ``title 26'' thus requiring no change in
text.
Section Referred to in Other Sections
This section is referred to in sections 1488, 1499 of this title.
