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25 U.S.C. § 4211 — 50-year leasehold interest in trust or re-

Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 4211 — 50-year leasehold interest in trust or re-

Page 664 TITLE 25—INDIANS § 4211 (4) Fiscal year limitations on Indian tribes (A) In general The Secretary shall monitor the use of guarantees under this section by Indian tribes. (B) Modifications If the Secretary determines that 50 per- cent of the aggregate guarantee authority under paragraph (3) has been committed, the Secretary may— (i) impose limitations on the amount of guarantees pursuant to this section that any single Indian tribe may receive in any fiscal year of $25,000,000; or (ii) request the enactment of legislation increasing the aggregate outstanding limi- tation on guarantees under this section. (i) Report Not later than 4 years after October 14, 2008, the Secretary shall submit to Congress a report describing the use of the authority under this section by Indian tribes and tribally designated housing entities, including— (1) an identification of the extent of the use and the types of projects and activities fi- nanced using that authority; and (2) an analysis of the effectiveness of the use in carrying out the purposes of this section. (j) Termination The authority of the Secretary under this sec- tion to make new guarantees for notes and obli- gations shall terminate on October 1, 2013. (Pub. L. 104–330, title VI, § 606, as added Pub. L. 110–411, title VI, § 601(a), Oct. 14, 2008, 122 Stat. 4331.) Editorial Notes CODIFICATION Another section 606 of Pub. L. 104–330 is set out as an Effective Date note under section 4191 of this title. SUBCHAPTER VII—OTHER HOUSING ASSISTANCE FOR NATIVE AMERICANS § 4211. 50-year leasehold interest in trust or re- stricted lands for housing purposes (a) Authority to lease Notwithstanding any other provision of law, any trust or restricted Indian lands, whether tribally or individually

Source: Supplied 2024 U.S. Code historical extraction · 25 U.S.C. § 4211

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Stable record: federal_law:legal_authorities:usc2024-1ddba2810a762f1675705138
Source file: Laws/federal/codes/united-states-code-2024/title-25/section-4211-50-year-leasehold-interest-in-trust-or-re--e5bc7220f7.md
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Source location: USCODE-2024-title25-chap43-subchapVII-sec4211.pdf

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Page 664 TITLE 25—INDIANS § 4211 (4) Fiscal year limitations on Indian tribes (A) In general The Secretary shall monitor the use of guarantees under this section by Indian tribes. (B) Modifications If the Secretary determines that 50 per- cent of the aggregate guarantee authority under paragraph (3) has been committed, the Secretary may— (i) impose limitations on the amount of guarantees pursuant to this section that any single Indian tribe may receive in any fiscal year of $25,000,000; or (ii) request the enactment of legislation increasing the aggregate outstanding limi- tation on guarantees under this section. (i) Report Not later than 4 years after October 14, 2008, the Secretary shall submit to Congress a report describing the use of the authority under this section by Indian tribes and tribally designated housing entities, including— (1) an identification of the extent of the use and the types of projects and activities fi- nanced using that authority; and (2) an analysis of the effectiveness of the use in carrying out the purposes of this section. (j) Termination The authority of the Secretary under this sec- tion to make new guarantees for notes and obli- gations shall terminate on October 1, 2013. (Pub. L. 104–330, title VI, § 606, as added Pub. L. 110–411, title VI, § 601(a), Oct. 14, 2008, 122 Stat. 4331.) Editorial Notes CODIFICATION Another section 606 of Pub. L. 104–330 is set out as an Effective Date note under section 4191 of this title. SUBCHAPTER VII—OTHER HOUSING ASSISTANCE FOR NATIVE AMERICANS § 4211. 50-year leasehold interest in trust or re- stricted lands for housing purposes (a) Authority to lease Notwithstanding any other provision of law, any trust or restricted Indian lands, whether tribally or individually owned, may be leased by the Indian owners, subject to the approval of the affected Indian tribe and the Secretary of the Interior, for housing development and residen- tial purposes. (b) Term Each lease pursuant to subsection (a) shall be for a term not exceeding 50 years. (c) Rule of construction This section may not be construed to repeal, limit, or affect any authority to lease any trust or restricted Indian lands that— (1) is conferred by or pursuant to any other provision of law; or (2) provides for leases for any period exceed- ing 50 years. (d) Self-implementation This section is intended to be self-imple- menting and shall not require the issuance of any rule, regulation, or order to take effect as provided in section 705. (Pub. L. 104–330, title VII, § 702, Oct. 26, 1996, 110 Stat. 4050.) Editorial Notes REFERENCES IN TEXT Section 705, referred to in subsec. (d), is section 705 of Pub. L. 104–330, which is set out as an Effective Date note below. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Pub. L. 104–330, title VII, § 705, Oct. 26, 1996, 110 Stat. 4052, provided that: ‘‘This title [enacting this sub- chapter and amending sections 1715z–13a and 1721 of Title 12, Banks and Banking, and sections 11902 to 11905 of Title 42, The Public Health and Welfare] and the amendments made by this title (but not including the amendments made by section 704 [amending sections 11902 to 11905 of Title 42]) shall take effect on the date of the enactment of this Act [Oct. 26, 1996].’’ § 4212. Training and technical assistance There are authorized to be appropriated for as- sistance for a national organization rep- resenting Native American housing interests for providing training and technical assistance to Indian housing authorities and tribally des- ignated housing entities such sums as may be necessary for each of fiscal years 2009 through 2013. (Pub. L. 104–330, title VII, § 703, Oct. 26, 1996, 110 Stat. 4051; Pub. L. 107–292, § 2(c), Nov. 13, 2002, 116 Stat. 2053; Pub. L. 110–411, title VII, § 701(c), Oct. 14, 2008, 122 Stat. 4334.) Editorial Notes AMENDMENTS 2008—Pub. L. 110–411 substituted ‘‘2009 through 2013’’ for ‘‘1997 through 2007’’. 2002—Pub. L. 107–292 substituted ‘‘1997 through 2007’’ for ‘‘1997, 1998, 1999, 2000, and 2001’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective Oct. 26, 1996, see section 705 of Pub. L. 104–330, set out as a note under section 4211 of this title. SUBCHAPTER VIII—HOUSING ASSISTANCE FOR NATIVE HAWAIIANS § 4221. Definitions In this subchapter: (1) Department of Hawaiian Home Lands; De- partment The term ‘‘Department of Hawaiian Home Lands’’ or ‘‘Department’’ means the agency or department of the government of the State of Hawaii that is responsible for the administra- tion of the Hawaiian Homes Commission Act, 1920 (42 Stat. 108 et seq.). (2) Director The term ‘‘Director’’ means the Director of the Department of Hawaiian Home Lands.

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 4211 — Payment of interest

The Secretary may make, and contract to make, grants, in such amounts as may be approved in appropriations Acts, to or on behalf of an Indian tribe or housing entity issuing notes or other obligations guaranteed under this subchapter, to cover not to exceed 30 percent of the net interest cost (including such servicing, underwriting, or other costs as may be specified in regulations of the Secretary) to the borrowing entity or agency of such obligations. The Secretary may also, to the extent approved in appropriations Acts, assist the issuer of a note or other obligation guaranteed under this subchapter in the payment of all or a portion of the principal and interest amount due under the note or other obligation, if the Secretary determines that the issuer is unable to pay the amount because of circumstances of extreme hardship beyond the control of the issuer.

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