2019 US Code
Title 25 - Indians
Chapter 43 - Native American Housing Assistance and Self-Determination
Subchapter VI - Federal Guarantees for Financing for Tribal Housing Activities
Sec. 4193 - Payment of interest
| 25 U.S.C. § 4193 (2019) |
| §4193. Payment of interest |
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The Secretary may make, and contract to make, grants, in such amounts as may be approved in appropriations Acts, to or on behalf of an Indian tribe or housing entity issuing notes or other obligations guaranteed under this subchapter, to cover not to exceed 30 percent of the net interest cost (including such servicing, underwriting, or other costs as may be specified in regulations of the Secretary) to the borrowing entity or agency of such obligations. The Secretary may also, to the extent approved in appropriations Acts, assist the issuer of a note or other obligation guaranteed under this subchapter in the payment of all or a portion of the principal and interest amount due under the note or other obligation, if the Secretary determines that the issuer is unable to pay the amount because of circumstances of extreme hardship beyond the control of the issuer. |
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(Pub. L. 104–330, title VI, §603, Oct. 26, 1996, 110 Stat. 4047.) |
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EFFECTIVE DATE
Section effective Oct. 26, 1996, see section 606 of Pub. L. 104–330, set out as a note under section 4191 of this title. |
| United States Code, 2018 Edition, Supplement 1, Title 25 - INDIANS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 25 - INDIANS CHAPTER 43 - NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION SUBCHAPTER VI - FEDERAL GUARANTEES FOR FINANCING FOR TRIBAL HOUSING ACTIVITIES Sec. 4193 - Payment of interest |
| section 4193 |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 110 Stat. 4047 |
| Public Law 104-330 |
