Page:United States Statutes at Large Volume 110 Part 6.djvu/226

 110 STAT. 4048 PUBLIC LAW 104-330—OCT. 26, 1996 (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 xinder 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- CD 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. 25 USC 4191 SEC. 606. EFFECTIVE DATE. This title shall take effect on the date of the enactment of this Act. TITLE VII—OTHER HOUSING ASSISTANCE FOR NATIVE AMERICANS SEC. 701. LOAN GUARANTEES FOR INDIAN HOUSING. (a) DEFINITION OF ELIGIBLE BORROWERS TO INCLUDE INDIAN TRIBES.—Section 184 of the Housing and Community Development 12 USC Act of 1992 (12 U.S.C. 1515z-13a) is amended— 1715z-13a. (1) in subsection (a)— (A) by striking "and Indian housing authorities" zind inserting ", Indian housing authorities, and Indian tribes,"; and (B) by striking "or Indian housing authority^' and inserting ", Indian housing authority, or Indian tribe"; and (2) in subsection (b)(1), by striking "or Indian housing authorities" and inserting ", Indian housing authorities, or Indian tribes". (b) NEED FOR LOAN GUARANTEE.— Section 184(a) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a(a)) is amended by striking "trust Iguid" and inserting 'lands or as a result of a lack of access to private financial msirkets". (c) IHP REQUIREMENT.— Section 184(b)(2) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a(b)(2)) is amended by inserting before the period at the end the following: "that is under the jurisdiction of an Indian tribe for which an Indian housing plan has been submitted and approved pursuant to sections 102 and 103 of the Native American Housing Assistance and Self-Determination Act of 1996 that provides for the use of loan guarantees under this section to provide affordable homeownership housing in such areas".

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