[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4471 Enrolled Bill (ENR)]

        H.R.4471

                       One Hundred Eighth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
           the twentieth day of January, two thousand and four


                                 An Act


 
  To clarify the loan guarantee authority under title VI of the Native 
     American Housing Assistance and Self-Determination Act of 1996.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Homeownership Opportunities for 
Native Americans Act of 2004''.

SEC. 2. FEDERAL GUARANTEES FOR FINANCING FOR TRIBAL HOUSING ACTIVITIES.

    Section 601 of the Native American Housing Assistance and Self-
Determination Act of 1996 (25 U.S.C. 4191) is amended by adding at the 
end the following new subsection:
    ``(d) Limitation on Percentage.--A guarantee made under this title 
shall guarantee repayment of 95 percent of the unpaid principal and 
interest due on the notes or other obligations guaranteed.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.