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2026-07-06 10:51:44 -04:00

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LegalText 25 U.S.C. § 4195 Limitations on amount of guarantees us united_states_code code_section 25 INDIANS 43 NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION 4195 25 U.S.C. § 4195 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip /us/usc/t25/s4195 data/legal/raw/us/code/title-25/usc25.xml 4e7224f80869d48228bb4d03a14eb8c0fa43b8bc9370e6669a3bd953b0e7adcc d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 a93aca11513c86799854e14203f67147bccb5a4573f02011dd5214bebef89898 2026-07-04 official
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25 U.S.C. § 4195 - Limitations on amount of guarantees

Text

(a) Aggregate fiscal year limitation Notwithstanding any other provision of law and subject only to the absence of qualified applicants or proposed activities and to the authority provided in this subchapter, to the extent approved or provided in appropriations Acts, the Secretary may enter into commitments to guarantee notes and obligations under this subchapter with an aggregate principal amount not to exceed $400,000,000 for each of fiscal years 2009 through 2013.

(b) Authorization of appropriations for credit subsidy There are authorized to be appropriated to cover the costs (as such term is defined in section 661a of title 2) of guarantees under this subchapter such sums as may be necessary for each of fiscal years 2009 through 2013.

(c) Aggregate outstanding limitation The total amount of outstanding obligations guaranteed on a cumulative basis by the Secretary pursuant to this subchapter shall not at any time exceed $2,000,000,000 or such higher amount as may be authorized to be appropriated for this subchapter for any fiscal year.

(d) Fiscal year limitations on tribes The Secretary shall monitor the use of guarantees under this subchapter by Indian tribes. If the Secretary finds that 50 percent of the aggregate guarantee authority under subsection (c) has been committed, the Secretary may—

(1) impose limitations on the amount of guarantees any one Indian tribe may receive in any fiscal year of $50,000,000; or

(2) request the enactment of legislation increasing the aggregate outstanding limitation on guarantees under this subchapter.

(Pub. L. 104330, title VI, § 605, Oct. 26, 1996, 110 Stat. 4047; Pub. L. 107292, § 2(b), Nov. 13, 2002, 116 Stat. 2053; Pub. L. 110411, title VII, § 701(b), Oct. 14, 2008, 122 Stat. 4334.)

Notes

Editorial Notes

Amendments2008—Subsecs. (a), (b). Pub. L. 110411 substituted “2009 through 2013” for “1997 through 2007”. 2002—Subsecs. (a), (b). Pub. L. 107292 substituted “1997 through 2007” for “1997, 1998, 1999, 2000, and 2001”.

Statutory Notes and Related Subsidiaries

Effective DateSection effective Oct. 26, 1996, see section 606 of Pub. L. 104330, set out as a note under section 4191 of this title.