
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: 25USC4195]

 
                            TITLE 25--INDIANS
 
  CHAPTER 43--NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION
 
   SUBCHAPTER VI--FEDERAL GUARANTEES FOR FINANCING FOR TRIBAL HOUSING 
                               ACTIVITIES
 
Sec. 4195. Limitations on amount of guarantees


(a) Aggregate fiscal year limitation

    Notwithstanding any other provision of law and subject only to the 
absence of qualified applicants or proposed activities and to the 
authority provided in this subchapter, to the extent approved or 
provided in appropriations Acts, the Secretary may enter into 
commitments to guarantee notes and obligations under this subchapter 
with an aggregate principal amount not to exceed $400,000,000 for each 
of fiscal years 1997, 1998, 1999, 2000, and 2001.

(b) Authorization of appropriations for credit subsidy

    There are authorized to be appropriated to cover the costs (as such 
term is defined in section 661a of title 2) of guarantees under this 
subchapter such sums as may be necessary for each of fiscal years 1997, 
1998, 1999, 2000, and 2001.

(c) Aggregate outstanding limitation

    The total amount of outstanding obligations guaranteed on a 
cumulative basis by the Secretary pursuant to this subchapter shall not 
at any time exceed $2,000,000,000 or such higher amount as may be 
authorized to be appropriated for this subchapter for any fiscal year.

(d) Fiscal year limitations on tribes

    The Secretary shall monitor the use of guarantees under this 
subchapter by Indian tribes. If the Secretary finds that 50 percent of 
the aggregate guarantee authority under subsection (c) of this section 
has been committed, the Secretary may--
        (1) impose limitations on the amount of guarantees any one 
    Indian tribe may receive in any fiscal year of $50,000,000; or
        (2) request the enactment of legislation increasing the 
    aggregate outstanding limitation on guarantees under this 
    subchapter.

(Pub. L. 104-330, title VI, Sec. 605, 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.
