§ 4134. — Types of investments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 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.
