25 U.S.C. § 4231 — Types of investments
submitted 26 years ago by Pub. L. 104-330 to r/title-25-INDIANS · 130 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Subject to section 4230 of this title and an applicable housing plan* approved under section 4223 of this title, the Director* shall have—
the discretion to use grant amounts for affordable housing* activities through the use of—
equity investments;
interest-bearing loans or advances;
noninterest-bearing loans or advances;
interest subsidies;
the leveraging of private investments; or
any other form of assistance that the Secretary* determines to be consistent with the purposes of this subchapter; and
the right to establish the terms of assistance provided with funds referred to in paragraph (1).
The Director may invest grant amounts for the purposes of carrying out affordable housing activities in investment securities and other obligations, as approved by the Secretary.
Source credit: (Pub. L. 104–330, title VIII, § 812, as added Pub. L. 106–568, title II, § 203, Dec. 27, 2000, 114 Stat. 2888, and Pub. L. 106–569, title V, § 513, Dec. 27, 2000, 114 Stat. 2982.)
- 2000Enacted · Pub. L. 104-330 · 114 Stat. 2888
A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-330 on 2000-12-27.
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