Page:United States Statutes at Large Volume 118.djvu/653

 118 STAT. 623 PUBLIC LAW 108–222—APR. 30, 2004 interest shall be available upon the date of the enactment of this Act to fund the program for the first year after the date of the enactment of this Act. (e) HOUSING ASSISTANCE PROGRAM.—From the principal, the Secretary shall set aside 5 percent for the Housing Assistance Program. Beginning the second year after the date of the enactment of this Act, interest earned on such sum shall be disbursed annually in a lump sum to the tribe’s governing body and may be added to any existing tribal housing improvements programs to supple ment them or it may be used in a separate Housing Assistance Program to be established by the tribe’s governing body. 5 percent of the initial interest shall be available upon the date of the enact ment of this Act to fund the program for the first year after the date of the enactment of this Act. (f) ECONOMIC DEVELOPMENT, TRIBAL, AND CULTURAL CEN TERS.—From the principal, the Secretary shall set aside 21.5 percent for economic development and, if other funding is not available or not adequate (as determined by the tribe), for the construction and maintenance of tribal and cultural centers. Beginning the second year after the date of the enactment of this Act, interest earned on such sum shall be disbursed annually in a lump sum to the tribe’s governing body and shall be used for the following, with 21.5 percent of the initial interest available upon the date of the enactment of this Act to fund the program for the first year after the date of the enactment of this Act: (1) Property acquisition for business or other activities which are likely to benefit the tribe economically or provide employment for tribal members. (2) Business development for the tribe, including collateralization of loans for the purchase or operation of businesses, matching funds for economic development grants, joint venture partnerships, and other similar ventures, which are likely to produce profits for the tribe. All business loans shall pay principal and interest back to the Economic Develop ment program for reinvestments and business profits shall go to the tribe’s general fund for uses to be determined by the tribe’s governing body. (3) Design, construction, maintenance, and operation of tribal and cultural centers. (g) NATURAL RESOURCES.—From the principal, the Secretary shall set aside 7.5 percent for natural resources. Beginning the second year after the date of the enactment of this Act, interest earned on such sum shall be disbursed annually in a lump sum to the tribe’s governing body and may be added to any existing tribal natural resource program to enhance the tribe’s use and enjoyment of existing and renewable natural resources within the tribe’s lands. 7.5 percent of the initial interest shall be available upon the date of the enactment of this Act to fund the program for the first year after the date of the enactment of this Act. (h) CULTURAL RESOURCES.—From the principal, the Secretary shall set aside 4 percent for cultural resources. Beginning the second year after the date of the enactment of this Act, interest earned on such sum shall be distributed annually in a lump sum to the tribe’s governing body and shall be used to maintain artifacts, collect documents, archive, and identify cultural sites of tribal significance. 4 percent of the initial interest shall be available Effective date. Effective date. Effective date. Effective date.

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