Page:United States Statutes at Large Volume 98 Part 2.djvu/566

 98 STAT. 1726

Appropriation authorization.

Securities. 25 USC 47a.

25 USC 1461, 1481. 25 USC 1521.

25 USC 1542. 25 USC 1512. Appropriation authorization.

PUBLIC LAW 98-449—OCT. 4, 1984

"No grant in excess of $100,000 in the case of an Indian and $250,000 in the case of an Indian tribe, or such lower amount as the Secretary may determine to be appropriate, may be made under this title.". SEC. 10. Section 403 of the Indian Financing Act of 1974 (25 U.S.C. 1523) is amended to read as follows: "There are authorized to be appropriated not to exceed the sum of $10,000,000 per year for fiscal year 1986 and each fiscal year thereafter for the purposes of this title.". SEC. 11. The Secretary, in his discretion, may require security other than bonds required by the Miller Act (40 U.S.C. 270a) when entering into a contract with an Indian-owned economic enterprise pursuant to the provisions of the Act of June 25, 1910 (25 U.S.C. 47), for the construction, alteration, or repair of any public work of the United States: Provided, That, the alternative form of security provides the United States with adequate security for performance and payment. SEC. 12. Section 501 of the Indian Financing Act of 1974 (25 U.S.C. 1541) is amended to read as follows: "Prior to and concurrent with the making or guaranteeing of any loan under subchapters I and II of this chapter and with the making of a grant under subchapter IV of this chapter, the purpose of which is to fund the development of an economic enterprise, the Secretary shall insure that the loan or grant applicant shall be provided competent management and technical assistance for preparation of the application and/or administration of funds granted consistent with the nature of the enterprise proposed to be or in fact funded.". SEC. 13. Section 503 of the Indian Financing Act of 1974 (25 U.S.C. 1543) is amended to read as follows: "For the purpose of entering into contracts pursuant to section 502 of this title in fiscal year 1985, the Secretary is authorized to use not to exceed 6 percent of any funds appropriated for any fiscal year pursuant to section 302 of this Act. For fiscal year 1986 and for each fiscal year thereafter, there are authorized to be appropriated such sums as may be necessary to carry out the provisions of this title.". Approved October 4, 1984.

LEGISLATIVE HISTORY—S. 2614 (H.R. 5519): HOUSE REPORT No. 98-991 accompanying H.R. 5519 (Comm. on Interior and Insular Affairs). SENATE REPORT No. 98-459 (Select Comm. on Indian Affairs). CONGRESSIONAL RECORD, Vol. 130 (1984): June 8, considered and passed Senate. Sept. 11, H.R. 5519 considered and passed House; S. 2614, amended, passed in lieu. Sept. 21, Senate concurred in House amendments with an amendment. Sept. 24, House concurred in Senate amendment.

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