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

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LegalText 25 U.S.C. § 4193 Payment of interest us united_states_code code_section 25 INDIANS 43 NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION 4193 25 U.S.C. § 4193 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/s4193 data/legal/raw/us/code/title-25/usc25.xml f57fdb9fa92f6710c72725ab63f92667fbaadc259194980e7759f942136549c4 d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 c010116b3f96c183fab889a8cbec2fdff854a5cee8671e8bd9ae68e24a020171 2026-07-04 official
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25 U.S.C. § 4193 - Payment of interest

Text

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.

(Pub. L. 104330, title VI, § 603, Oct. 26, 1996, 110 Stat. 4047.)

Notes

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.