[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4471 Reported in House (RH)]






                                                 Union Calendar No. 318
108th CONGRESS
  2d Session
                                H. R. 4471

                          [Report No. 108-550]

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 1, 2004

Mr. Renzi (for himself and Mr. Matheson) introduced the following bill; 
       which was referred to the Committee on Financial Services

                             June 17, 2004

              Additional sponsors: Ms. Waters and Mr. Ney

                             June 17, 2004

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed

_______________________________________________________________________

                                 A BILL


 
 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.''.




                                                 Union Calendar No. 318

108th CONGRESS

  2d Session

                               H. R. 4471

                          [Report No. 108-550]

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                             June 17, 2004

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed