§ 4195. Limitations on amount of guarantees

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1996

   Native American Housing Assistance and Self-Determination Act of 1996

   Pub. L. 104–330 title VI § 605 · 110 Stat. 4016

   Enacted · 25 U.S.C. § 4195

   Pub. L. 104–330, title VI, § 605, Oct. 26, 1996, 110 Stat. 4047

   Source evidence

   Code source credit
   Pub. L. 104–330, title VI, § 605, Oct. 26, 1996, 110 Stat. 4047

   Enacted provision · exact public law section
   SEC. 605. LIMITATIONS ON AMOUNT OF GUARANTEES. (a) Aggregate Fiscal Year Limitation.— Notwithstanding any other provision of law and subject only to the absence of qualified applicants or proposed activities and to the authority provided in this title, to the extent approved or provided in appropriations Acts, the Secretary may enter into commitments to guarantee notes and obligations under this title with an aggregate principal amount not to exceed $400, 000, 000 for each of fiscal years 1997, 1998, 1999, 2000, and 2001. (b) Authorization of Appropriations for Credit Subsidy.— There are authorized to be appropriated to cover the costs (as such term is defined in section 502 of the Congressional Budget Act of 1974) of guarantees under this title such sums as may be necessary for each of fiscal years 1997, 1998, 1999, 2000, and 2001. (c) Aggregate Outstanding Limitation.— The total amount of outstanding obligations guaranteed on a cumulative basis by the Secretary pursuant to this title shall not at any time exceed $2, 000, 000, 000 or such higher amount as may be authorized to be appropriated for this title for any fiscal year. (d) Fiscal Year Limitations on Tribes.— The Secretary shall monitor the use of guarantees under this title by Indian tribes. If the Secretary finds that 50 percent of the aggregate guarantee authority under subsection (c) has been committed, the Secretary may— (1) impose limitations on the amount of guarantees any one Indian tribe may receive in any fiscal year of $50, 000, 000; or (2) request the enactment of legislation increasing the aggregate outstanding limitation on guarantees under this title.

2. 2002

   Native American Housing Assistance and Self-Determination Reauthorization Act of 2002

   Pub. L. 107–292 § 2(b) · 116 Stat. 2053

   Substituted · 25 U.S.C. § 4195(a); 25 U.S.C. § 4195(b)

   Pub. L. 107–292 substituted “1997 through 2007” for “1997, 1998, 1999, 2000, and 2001”

   Source evidence

   Code amendment note
   Subsecs. (a), (b). Pub. L. 107–292 substituted “1997 through 2007” for “1997, 1998, 1999, 2000, and 2001”.

   Enacted provision · exact public law section
   (b) Federal Guarantees.— Section 605 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4195) is amended— (1) in subsection (a), by striking “1997, 1998, 1999, 2000, and 2001” and inserting “1997 through 2007”; and (2) in subsection (b), by striking “1997, 1998, 1999, 2000, and 2001” and inserting “1997 through 2007”.

3. 2008

   Native American Housing Assistance and Self-Determination Reauthorization Act of 2008

   Pub. L. 110–411 title VII § 701(b) · 122 Stat. 4319

   Substituted · 25 U.S.C. § 4195(a); 25 U.S.C. § 4195(b)

   Pub. L. 110–411 substituted “2009 through 2013” for “1997 through 2007”

   Source evidence

   Code amendment note
   Subsecs. (a), (b). Pub. L. 110–411 substituted “2009 through 2013” for “1997 through 2007”.

   Enacted provision · exact public law section
   (b) Federal Guarantees for Financing for Tribal Housing Activities.— Section 605 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4195) is amended in subsections (a) and (b) by striking “1997 through 2007” each place it appears and inserting “2009 through 2013”.

3 of 3 references resolved to an enrolled provision