[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2571 Introduced in Senate (IS)]







108th CONGRESS
  2d Session
                                S. 2571

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                June 23 (legislative day, June 22), 2004

   Mr. Enzi introduced the following bill; which was read twice and 
 referred to the Committee on Indian Affairs with instructions that if 
 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

_______________________________________________________________________

                                 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:
    ``(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.''.
                                 <all>