25 U.S.C. § 1463
Repayment of loan; financing from other sources
Loans may be made only when, in the judgment of the Secretary, there is a reasonable prospect of repayment, and only to applicants who in the opinion of the Secretary are unable to obtain financing from other sources on reasonable terms and conditions.
Notes of Decisions
Cited in 2
cases, 1998–2015 · leading case: City & Cnty. of San Francisco v. U.S. Dep't of Transp., 796 F.3d 993 (9th Cir. 2015).
City & Cnty. of San Francisco v. U.S. Dep't of Transp., 796 F.3d 993 (9th Cir. 2015). “at 1003-04 (quoting 25 U.S.C. § 1463 ). We concluded that Congress committed the assessment of whether that prospect existed to the judgment of the agency.”
Helgeson v. Bureau of Indian Affairs, Dep't of the Interior, 153 F.3d 1000 (9th Cir. 1998). “”' ' 25 U.S.C. § 1463 . The regulations interpreting and implementing the direct loan program contain an identical prohibition against loans from the revolving loan fund unless “there is a reasonable prospect of repayment.”
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