
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: 25USC4231]

 
                            TITLE 25--INDIANS
 
  CHAPTER 43--NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION
 
        SUBCHAPTER VIII--HOUSING ASSISTANCE FOR NATIVE HAWAIIANS
 
Sec. 4231. Types of investments


(a) In general

    Subject to section 4230 of this title and an applicable housing plan 
approved under section 4223 of this title, the Director shall have--
        (1) the discretion to use grant amounts for affordable housing 
    activities through the use of--
            (A) equity investments;
            (B) interest-bearing loans or advances;
            (C) noninterest-bearing loans or advances;
            (D) interest subsidies;
            (E) the leveraging of private investments; or
            (F) any other form of assistance that the Secretary 
        determines to be consistent with the purposes of this 
        subchapter; and

        (2) the right to establish the terms of assistance provided with 
    funds referred to in paragraph (1).

(b) Investments

    The Director 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 VIII, Sec. 812, as added Pub. L. 106-568, title 
II, Sec. 203, Dec. 27, 2000, 114 Stat. 2888, and Pub. L. 106-569, title 
V, Sec. 513, Dec. 27, 2000, 114 Stat. 2982.)

                          Codification

    Pub. L. 106-568, Sec. 203, and Pub. L. 106-569, Sec. 513, enacted 
identical sections 812 of Pub. L. 104-330. This section is based on the 
text of section 812 of Pub. L. 104-330, as added by Pub. L. 106-569, 
Sec. 513.
