Page:United States Statutes at Large Volume 122.djvu/4354

 12 2 STA T .43 31 PUBLIC LA W 11 0– 411 —O CT. 14 , 200 8TI T LEV— TE RM I NA TI O NO F A S SIST - AN C EFORIN D IAN TRI B ES U NDER IN- COR P ORATED PRO G RAMS SEC.501 .E F FEC TONH O M E I N V ESTMENT PAR TNERSHIPS ACT. (a)INGE NE RAL.—TitleVof t h e N ati v e Am e r i c a nH o us in g Assistance an dS elf -D etermination Act of 19 9 6 ( 25U .S. C . 4 1 8 1 et se q .) is amended by adding at the end the follo w ing

‘SEC. 50 9 . EFFECT ON HOME INVESTMENT PARTNERSHIPS ACT. ‘ ‘Nothing in this Act or an amendment made by this Act p ro- hibits or prevents any participating j urisdiction (within the meaning oftheH OME Investment P artnerships Act (42 U.S.C. 12 7 21 et seq.)) from providing any amounts made available to the partici- pating jurisdiction under that Act (42 U.S.C. 12721 et seq.) to an Indian tribe or a tribally designated housing entity for use in accordance with that Act (42 U.S.C. 12721 et seq.). ’ ’. (b) C O N F OR MI N G AMEN D MEN T .—The table of contents in section 1(b) of the Native American Housing Assistance and Self-Deter- mination Act of 1996 (25 U.S.C. 41 0 1 note) is amended by inserting after the item relating to section 508 the following: ‘ ‘ Sec.509 . Ef fec tonHOM E I n v e s t m ent Par tners hip s A ct. ’ ’. TITLE VI—GUARANTEED LOANS TO FI- NANCE TRIBAL COMMUNIT Y AND ECONOMIC DEVELOPMENT ACTIVI- TIES SEC. 6 01. D EMONSTRATION PRO G RAM FOR G U ARANTEED L OANS TO FINANCE TRI B AL COMMUNIT Y AND ECONOMIC DEVELOP - MENT ACTIVITIES. (a) IN GENERAL.—Title VI of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4191 et seq.) is amended by adding at the end the following: ‘‘SEC. 606. DEMONSTRATION PROGRAM FOR GUARANTEED LOANS TO FINANCE TRIBAL COMMUNITY AND ECONOMIC DEVELOP- MENT ACTIVITIES. ‘‘(a) A U T H ORIT Y .— ‘‘(1) IN GENERAL.—Subject to paragraph (2) , tothee x tent and in such amounts as are provided in appropriation Acts, subject to the requirements of this section, and in accordance with such terms and conditions as the Secretary may prescribe, the Secretary may guarantee and ma k e commitments to guar- antee the notes and obligations issued by Indian tribes or tribally designated housing entities with tribal approval, for the purposes of financing activities carried out on Indian res- ervations and in other Indian areas that, under the first sen- tence of section 108(a) of the Housing and Community Develop- ment Act of 1974 (42 U.S.C. 5 3 08), are eligible for financing with notes and other obligations guaranteed pursuant to that section. 25USC4196. 25 USC 41 8 4.

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