
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 25USC4193]

 
                            TITLE 25--INDIANS
 
  CHAPTER 43--NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION
 
   SUBCHAPTER VI--FEDERAL GUARANTEES FOR FINANCING FOR TRIBAL HOUSING 
                               ACTIVITIES
 
Sec. 4193. Payment of interest

    The Secretary may make, and contract to make, grants, in such 
amounts as may be approved in appropriations Acts, to or on behalf of an 
Indian tribe or housing entity issuing notes or other obligations 
guaranteed under this subchapter, to cover not to exceed 30 percent of 
the net interest cost (including such servicing, underwriting, or other 
costs as may be specified in regulations of the Secretary) to the 
borrowing entity or agency of such obligations. The Secretary may also, 
to the extent approved in appropriations Acts, assist the issuer of a 
note or other obligation guaranteed under this subchapter in the payment 
of all or a portion of the principal and interest amount due under the 
note or other obligation, if the Secretary determines that the issuer is 
unable to pay the amount because of circumstances of extreme hardship 
beyond the control of the issuer.

(Pub. L. 104-330, title VI, Sec. 603, Oct. 26, 1996, 110 Stat. 4047.)


                             Effective Date

    Section effective Oct. 26, 1996, see section 606 of Pub. L. 104-330, 
set out as a note under section 4191 of this title.
