I 

110TH CONGRESS 

1ST SESSION H. R. 2541 

To amend title VI of the Native American Housing and Self-Determination 

Act of 1996 to authorize Indian tribes to issue notes and other obligations to finance community and economic development activities, and 

for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 24, 2007 

Mr. RENZI introduced the following bill; which was referred to the Committee 

on Financial Services 

A BILL 

To amend title VI of the Native American Housing and 

Self-Determination Act of 1996 to authorize Indian 

tribes to issue notes and other obligations to finance 

community and economic development activities, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Tribal Economic De5 velopment and Infrastructure Support Act of 2007’’. 


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1 SEC. 2. AUTHORITY TO USE GUARANTEE LOANS TO FI2 NANCE COMMUNITY AND ECONOMIC DEVEL3 OPMENT ACTIVITIES. 

4 (a) AUTHORITY.—Title VI of the Native American 

5 Housing and Self-Determination Act of 1996 (25 U.S.C. 

6 4191 et seq.) is amended— 

7 (1) in the title heading, by inserting ‘‘AND 

8 COMMUNITY DEVELOPMENT’’ after 

9 ‘‘TRIBAL HOUSING’’; and 

10 (2) in section 601(a)— 

11 (A) by striking ‘‘and’’ after ‘‘section 202’’ 

12 and inserting a comma; and 

13 (B) by inserting before the period at the 

14 end the following: ‘‘, and activities that under 

15 the first sentence of section 108(a) of the 

16 Housing and Community Development Act of 

17 1974 are eligible for financing with notes and 

18 other obligations guaranteed pursuant to such 

19 section 108’’. 

20 (b) LOW-INCOME REQUIREMENT.—The Native 

21 American Housing and Self-Determination Act of 1996 is 

22 amended— 

23 (1) in section 201(b) (25 U.S.C. 4131(b))— 

24 (A) in paragraph (1), by inserting ‘‘, other 

25 than under loan guarantee activities under title 

26 VI,’’ after ‘‘under this Act’’; 


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1 (B) in paragraph (2)— 

2 (i) by striking the first comma and in3 serting ‘‘or’’; 

4 (ii) by striking ‘‘, or loan guarantee 

5 activities under title VI’’; 

6 (iii) by striking ‘‘or title’’; and 

7 (iv) in the last sentence, by inserting 

8 after ‘‘Act’’ the following: ‘‘(but not includ9 ing amounts received as a result of a guar10 antee under title VI)’’; 

11 (C) in paragraph (3), by inserting after 

12 ‘‘Act’’ the following: ‘‘(but not including 

13 amounts received as a result of a guarantee 

14 under title VI)’’; 

15 (D) by striking paragraph (5); and 

16 (E) by redesignating the first paragraph 

17 designated as paragraph (6) (relating to pref18 erence for tribal members and other Indian 

19 families) as paragraph (5); and 

20 (2) in section 601 (25 U.S.C. 4191), by adding 

21 at the end the following new subsection: 

22 ‘‘(e) LOW-INCOME REQUIREMENT.—Not less than 70 

23 percent of the aggregate funds received by an Indian tribe 

24 or tribally designated housing entity as a result of a guar25 antee under this title shall be used for the support of acVerDate Aug 31 2005 23:50 May 30, 2007 Jkt 059196 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H2541.IH H2541

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1 tivities that benefit low-income Indian families on Indian 

2 reservations and other Indian areas.’’. 

Æ 


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