Page:United States Statutes at Large Volume 104 Part 6.djvu/278

 104 STAT. 4668 PUBLIC LAW 101-644—NOV. 29, 1990 Hawaiian natives. private lenders, including loans guaranteed by the Secretary pursuant to section 201 of this Act,"; and (2) by inserting immediately before the period at the end of the third sentence a comma and the following: "or, in the discretion of the Secretary of the Interior, as a contribution to the Indian Loan Guaranty and Insurance Fund authorized by section 217 of this Act, or for the payment of interest subsidies authorized by section 301 of this Act", (b) Section 204 of the Indian Financing Act of 1974 (25 U.S.C. 1484) is amended— (1) by deleting in the first sentence the word "prior"; and (2) by deleting in the second sentence "shall review" and inserting in lieu thereof "may review". TITLE IV—PUBLIC HEALTH SERVICE ACT SEC. 401. AMENDMENT TO PUBLIC HEALTH SERVICE ACT. Section 338J(a) of subpart III of part D of title III of the Public Health Service Act (42 U.S.C. 254s) is amended to read as follows: "(a) Subject to the availability of funds appropriated under the authority of subsection (d), the Secretary shall provide funds to Kamehameha Schools/Bishop Estate for the purpose of providing scholarship assistance to students who— "(1) meet the requirements of section 338A(b), and "(2) are Native Hawaiians.". Hawaiian TITLE V—BOARD OF INSTITUTE OF AMERICAN INDIAN natives. AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT SEC. SOL GENERAL POWERS OF BOARD OF INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOP- MENT. (a) INTEREST AND INVESTMENT INCOME.—Section 1507 of the American Indian, Alaska Native, and Native Hawaiian Culture and Art Development Act (20 U.S.C. 4414) is amended by adding at the end the following new subsection: "(c) INTEREST AND INVESTMENTS.—Interest and earnings on amounts received by the Institute pursuant to section 1531 invested under subsection (a)(12) shall be the property of the Institute and may be expended to carry out this title. The Board shall be held to a reasonable and prudent standard of care, given such information and circumstances as existed when the decision is made, in decisions involving investment of funds under subsection (a)(12).". (b) INSURANCE.— Section 1507(a)(ll) of such Act (20 U.S.C. 4414(a)(ll)) is amended to read as follows: "(11) to the extent not already provided by law, to obtain insurance to cover all activities of the Institute, including coverage relating to property and liability, or make other provisions against losses.". SEC. 502. ESTABLISHMENTS WITHIN THE INSTITUTE. Section 1510(b) of the American Indian, Alaska Native, and Native Hawaiian Culture and Art Development Act (20 U.S.C. 4417(b)) is amended—

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