[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4471 Referral Instructions Senate (RIS)]

  2d Session
                                H. R. 4471


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                   IN THE SENATE OF THE UNITED STATES

                             June 22, 2004

 Received; read twice and referred to the Committee on Indian Affairs 
with instructions that when the Committee reports, the bill be referred 
  pursuant to the order of May 27, 1988, to the Committee on Banking, 
     Housing, and Urban Affairs for a period not to exceed 60 days

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                                 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.''.

            Passed the House of Representatives June 21, 2004.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.