ments to guarantee notes and obligations under this 
section with an aggregate principal amount not to ex-
ceed $200,000,000 for each of fiscal years 2008 
through 2012. 
(2) AUTHORIZATION
OF
APPROPRIATIONS
FOR 
CREDIT SUBSIDY.—There are authorized to be appro-
priated to cover the costs (as such term is defined in 
section 502 of the Congressional Budget Act of 1974) 
of guarantees under this section such sums as may be 
necessary for each of fiscal years 2008 through 2012. 
No funds appropriated under this Act shall be ex-
pended for the benefit of the Cherokee Nation of Okla-
homa until the Secretary shall have certified to the 
Congress that the Cherokee Nation of Oklahoma is in 
compliance with the Treaty of 1866 and fully recog-
nizes all Cherokee Freedmen and their descendants as 
citizens of the Cherokee Nation. 
(3) AGGREGATE OUTSTANDING LIMITATION.—The 
total amount of outstanding obligations guaranteed 
on a cumulative basis by the Secretary pursuant to 
this 
section 
shall 
not 
at 
any 
time 
exceed 
$1,000,000,000 or such higher amount as may be au-
thorized to be appropriated for this section for any 
fiscal year. 
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(4) FISCAL YEAR LIMITATIONS ON TRIBES.—The 
Secretary shall monitor the use of guarantees under 
this section by Indian tribes. If the Secretary finds 
that 50 percent of the aggregate guarantee authority 
under paragraph (3) has been committed, the Sec-
retary may— 
(A) impose limitations on the amount of 
guarantees pursuant to this section that any one 
Indian tribe may receive in any fiscal year of 
$25,000,000; or 
(B) request the enactment of legislation in-
creasing the aggregate outstanding limitation on 
guarantees under this section. 
(i) REPORT.—Not later than the expiration of the 4- 
year period beginning on the date of the enactment of this 
Act, the Secretary shall submit a report to the Congress re-
garding the utilization of the authority under this section 
by Indian tribes and tribally designated housing entities, 
identifying the extent of such utilization and the types of 
projects and activities financed using such authority and 
analyzing the effectiveness of such utilization in carrying 
out the purposes of this section. 
(j) TERMINATION.—The authority of the Secretary 
under this section to make new guarantees for notes and 
obligations shall terminate on October 1, 2012. 
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Union Calendar No. 223 
110TH CONGRESS 
1ST SESSION 
H. R. 3002 
[Report No. 110–363] 
A BILL 
To establish a demonstration program to authorize 
the Secretary of Housing and Urban Develop-
ment to guarantee obligations issued by Indian 
tribes to finance community and economic devel-
opment activities. 
OCTOBER 2, 2007 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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