[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.