
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 25USC4134]

 
                            TITLE 25--INDIANS
 
  CHAPTER 43--NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION
 
              SUBCHAPTER II--AFFORDABLE HOUSING ACTIVITIES
 
Sec. 4134. Types of investments


(a) In general

    Subject to section 4133 of this title and the Indian housing plan 
for an Indian tribe, the recipient for that tribe shall have--
        (1) the discretion to use grant amounts for affordable housing 
    activities through equity investments, interest-bearing loans or 
    advances, noninterest-bearing loans or advances, interest subsidies, 
    leveraging of private investments, or any other form of assistance 
    that the Secretary has determined to be consistent with the purposes 
    of this chapter; and
        (2) the right to establish the terms of assistance.

(b) Investments

    A recipient may invest grant amounts for the purposes of carrying 
out affordable housing activities in investment securities and other 
obligations as approved by the Secretary.

(Pub. L. 104-330, title II, Sec. 204, Oct. 26, 1996, 110 Stat. 4033.)


                             Effective Date

    Section effective Oct. 1, 1997, except as otherwise expressly 
provided, see section 107 of Pub. L. 104-330, set out as a note under 
section 4101 of this title.
