§ 492. — Interest rates and taxes.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC492]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER V--PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES
Sec. 492. Interest rates and taxes
Loans made or insured pursuant to sections 488 to 494 of this title
will be subject to the interest rate provisions of section 307(a)(3)(B)
of the Consolidated Farmers Home Administration Act of 1961, as amended
[7 U.S.C. 1927(a)(3)(B)], and to the provisions of subtitle D of that
Act [7 U.S.C. 1981 et seq.] except sections 340 [7 U.S.C. 1990], 341,
342 [7 U.S.C. 1013a], and 343 [7 U.S.C. 1991] thereof: Provided, That
section 334 [7 U.S.C. 1984] thereof shall not be construed to subject to
taxation any lands or interests therein while they are held by an Indian
tribe or tribal corporation or by the United States in trust for such
tribe or tribal corporation pursuant to sections 488 to 494 of this
title.
(Pub. L. 91-229, Sec. 5, Apr. 11, 1970, 84 Stat. 120; Pub. L. 101-624,
title XVIII, Sec. 1854(a), Nov. 28, 1990, 104 Stat. 3837.)
References in Text
The Consolidated Farmers Home Administration Act of 1961, referred
to in text, is now the Consolidated Farm and Rural Development Act (Pub.
L. 87-128, title III, Aug. 8, 1961, 75 Stat. 307, as amended). Subtitle
D of the Consolidated Farm and Rural Development Act is classified
principally to subchapter IV (Sec. 1981 et seq.) of chapter 50 of Title
7, Agriculture. For complete classification of this Act to the Code, see
Short Title note set out under section 1921 of Title 7 and Tables.
Section 341 of that Act is set out as a note under section 1921 of
Title 7.
Amendments
1990--Pub. L. 101-624 substituted ``section 307(a)(3)(B)'' for
``section 307(a)''.
Section Referred to in Other Sections
This section is referred to in sections 488, 489, 490, 491, 493, 494
of this title; title 7 section 1985.
