In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``YMCA Teen Action Agenda Enhancement 
Act of 2001''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) one in 10 teens, 2,400,000 teens across the Nation, are 
        currently involved in a program offered by a local YMCA;
            (2) recognizing the unique obstacles faced by teenagers, 
        the YMCA has launched the Teen Action Agenda, a nationwide 
        campaign to double this number and serve 1 in 5 teens by 2005;
            (3) in more than 1,900 YMCAs across the United States in 
        cities large and small, in neighborhoods rich and poor, teen 
        groups meet regularly and engage one another in safe, 
        wholesome, educational, and creative activities;
            (4) it is well-documented that teens who participate in 
        structured activities after school are less likely to drink 
        alcohol, carry or use weapons, smoke cigarettes, engage in 
        early sexual activity, or skip school;
            (5) YMCAs serve people of all faiths, races, abilities, 
        ages, and incomes;
            (6) approximately 400 YMCAs partner with juvenile courts, 
        300 partner with public housing developments, 1550 partner with 
        elementary schools, and 1033 partner with high schools;
            (7) the YMCA is volunteer-founded and volunteer-led and 
        depends on more than 600,000 volunteers to meet the unique 
        needs of their communities;
            (8) the YMCA is especially committed to reaching teens that 
        are most at-risk for school failure or delinquency; and
            (9) the prosperity of our Nation depends upon maximizing 
        and fulfilling the potential of its young people.

SEC. 3. DEFINITIONS.

    In this Act:
            (1) Local ymca.--The term ``local YMCA'' means one of the 
        approximately 2,400 locally incorporated and governed YMCAs in 
        the United States.
            (2) Teen program.--The term ``teen program'' means any 
        program primarily attended by individuals between the ages of 
        11 and 19.
            (3) YMCA of the usa.--The term ``YMCA of the USA'' means 
        the private, nonprofit, national membership and service 
        organization of approximately 2,400 local YMCAs.

SEC. 4. GRANTS TO THE YMCA OF THE USA.

    (a) Purposes.--Subject to the availability of appropriations, the 
Attorney General shall award a grant to the YMCA of the USA for the 
purpose of carrying out YMCA programs for at-risk teens in accordance 
with the provisions of this Act.
    (b) Subgrants.--From amounts awarded under subsection (a), the YMCA 
of the USA shall make subgrants to local YMCAs authorizing expenditures 
associated with providing programs, including the hiring of teachers 
and other personnel, procurement of goods and services (including 
computer equipment), or such other expenditures as are approved by the 
Attorney General.

SEC. 5. USE OF FUNDS.

    (a) In General.--
            (1) Programs for at-risk teens.--Amounts granted under this 
        Act shall be used by the YMCA of the USA to provide funding to 
        carry out YMCA programs that have a primary purpose of serving 
        teens who are determined to be at-risk for school failure or 
        delinquency.
            (2) Program requirements.--Each program for which 
        assistance is provided under this Act shall include at least 3 
        of the following different activities:
                    (A) Mentoring assistance.
                    (B) Academic assistance.
                    (C) Recreational, fitness, and athletic activities.
                    (D) Technology training.
                    (E) Drug, alcohol, and gang prevention.
                    (F) Job and life skills.
                    (G) Character development and values education.
                    (H) Leadership development.
                    (I) Truancy and dropout prevention.
                    (J) Civic education.
                    (K) Volunteerism and service learning.
                    (L) Parenting skills.
                    (M) Literary, performing, and visual arts.
                    (N) Mental health services.
                    (O) Alternative education.
                    (P) Any research-based activity shown to have a 
                positive impact on the academic and social outcomes of 
                teens.
    (b) Additional Requirements.--In carrying out the programs under 
subsection (a), a local YMCA shall, to the maximum extent practicable--
            (1) use volunteers from businesses, academic communities, 
        social organizations, and law enforcement organizations to 
        serve as mentors or to assist in other ways;
            (2) develop creative methods of conducting outreach to 
        teens in the community;
            (3) request donations of computer equipment and other 
        materials and equipment; and
            (4) work with State and local educational and recreation 
        agencies so that activities funded with amounts made available 
        under a grant under this Act will not duplicate activities 
        funded from other sources in the community served.
    (c) Funding for Program Administration.--Of the amounts granted to 
the YMCA of the USA under this Act in each fiscal year, the YMCA of the 
USA shall use--
            (1) not less than 2 percent for research and evaluation of 
        the subgrants made under this Act;
            (2) not less than 1 percent for technical assistance 
        related to the subgrants awarded under this Act; and
            (3) not more than 6 percent for the management and 
        administration of the subgrants made under this Act.

SEC. 6. APPLICATIONS FOR SUBGRANTS.

    (a) Eligibility.--To be eligible to receive a subgrant under this 
Act, an applicant shall submit an application to the YMCA of the USA.
    (b) Contents.--Each application submitted shall include--
            (1) a request for a subgrant to be used for the purposes of 
        this Act;
            (2) a description of the population to be served by the 
        subgrant and information demonstrating that this population is 
        at-risk for school failure or delinquency;
            (3) a description of the program to be expanded or 
        established by the subgrant;
            (4) information demonstrating the manner in which the local 
        YMCA will carry out the planning, establishment, 
        implementation, sustainability, and evaluation of the program 
        funded by the subgrant;
            (5) information demonstrating that there are non-Federal 
        contributions (which may be in the form of an in-kind 
        contribution of goods or services) available to cover at least 
        50 percent of the total cost of the project; and
            (6) any additional statistical or financial information 
        that the YMCA of the USA may reasonably require.
    (c) Consideration of Subgrants.--In awarding subgrants under this 
Act, the YMCA of the USA shall consider--
            (1) the ability of the applicant to provide the intended 
        services;
            (2) the history and establishment of the applicant in 
        providing teen activities; and
            (3) efforts to achieve an equitable geographic distribution 
        of subgrant awards.

SEC. 7. REPORT.

    For each fiscal year for which a grant is awarded under this Act, 
the YMCA of the USA shall submit to the Attorney General a report that 
details the progress and effectiveness of the YMCA programs in reaching 
measurable outcomes.

SEC. 8. AUTHORIZATION OF APPROPRIATIONS.

    (a) In General.--There are authorized to be appropriated to carry 
out this Act $20,000,000 for each of fiscal years 2002 through 2006.
    (b) Continued Availability.--Amounts made available to carry out 
this Act shall remain available until expended.
[A]: YMCA Teen Action Agenda Enhancement of 2001 - Directs the Attorney General to award a grant to the YMCA of the USA to make subgrants to local YMCAs for programs for at-risk teens which include specified types of activities.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Deficit Reduction Act of 2003''.

         TITLE I--REFORMED BUREAU OF RECLAMATION WATER PRICING

SECTION 101. SHORT TITLE.

    This Act may be cited as the ``Irrigation Subsidy Reduction Act of 
2001''.

SEC. 102. FINDINGS.

    Congress finds that--
            (1) the Federal reclamation program has been in existence 
        for over 90 years, with an estimated taxpayer investment of 
        over $70,000,000,000;
            (2) the program has had and continues to have an enormous 
        effect on the water resources and aquatic environments of the 
        western States;
            (3) irrigation water made available from Federal water 
        projects in the West is a very valuable resource for which 
        there are increasing and competing demands;
            (4) the justification for providing water at less than full 
        cost was to benefit and promote the development of small family 
        farms and exclude large corporate farms, but this purpose has 
        been frustrated over the years due to inadequate implementation 
        of subsidy and acreage limits;
            (5) below-cost water prices tend to encourage excessive use 
        of scarce water supplies in the arid regions of the West, and 
        reasonable price increases to the wealthiest western farmers 
        would provide an economic incentive for greater water 
        conservation;
            (6) the Federal Government has increasingly applied 
        eligibility tests based on income for Federal entitlement and 
        subsidy programs, measures that are consistent with the 
        historic approach of the reclamation program's acreage 
        limitations that seek to limit water subsidies to smaller 
        farms; and
            (7) including a means test based on gross income in the 
        reclamation program will increase the effectiveness of carrying 
        out the family farm goals of the Federal reclamation laws.

SEC. 103. AMENDMENTS.

    (a) Definitions.--Section 202 of the Reclamation Reform Act of 1982 
(43 U.S.C. 390bb) is amended--
            (1) by redesignating paragraphs (7), (8), (9), (10), and 
        (11) as paragraphs (9), (10), (11), (12), and (13), 
        respectively;
            (2) in paragraph (6), by striking ``owned or operated under 
        a lease which'' and inserting ``that is owned, leased, or 
        operated by an individual or legal entity and that'';
            (3) by inserting after paragraph (6) the following:
            ``(7) Legal entity.--The term `legal entity' includes a 
        corporation, association, partnership, trust, joint tenancy, or 
        tenancy in common, or any other entity that owns, leases, or 
        operates a farm operation for the benefit of more than 1 
        individual under any form of agreement or arrangement.
            ``(8) Operator.--
                    ``(A) In general.--The term `operator'--
                            ``(i) means an individual or legal entity 
                        that operates a single farm operation on a 
                        parcel (or parcels) of land that is owned or 
                        leased by another person (or persons) under any 
                        form of agreement or arrangement (or agreements 
                        or arrangements); and
                            ``(ii) if the individual or legal entity--
                                    ``(I) is an employee of an 
                                individual or legal entity, includes 
                                the individual or legal entity; or
                                    ``(II) is a legal entity that 
                                controls, is controlled by, or is under 
                                common control with another legal 
                                entity, includes each such other legal 
                                entity.
                    ``(B) Operation of a farm operation.--For the 
                purposes of subparagraph (A), an individual or legal 
                entity shall be considered to operate a farm operation 
                if the individual or legal entity is the person that 
                performs the greatest proportion of the decisionmaking 
                for and supervision of the agricultural enterprise on 
                land served with irrigation water.''; and
            (4) by adding at the end the following:
            ``(14) Single farm operation.--
                    ``(A) In general.--The term `single farm operation' 
                means the total acreage of land served with irrigation 
                water for which an individual or legal entity is the 
                operator.
                    ``(B) Rules for determining whether separate 
                parcels are operated as a single farm operation.--
                            ``(i) Equipment- and labor-sharing 
                        activities.--The conduct of equipment- and 
                        labor-sharing activities on separate parcels of 
                        land by separate individuals or legal entities 
                        shall not by itself serve as a basis for 
                        concluding that the farming operations of the 
                        individuals or legal entities constitute a 
                        single farm operation.
                            ``(ii) Performance of certain services.--
                        The performance by an individual or legal 
                        entity of an agricultural chemical application, 
                        pruning, or harvesting for a farm operation on 
                        a parcel of land shall not by itself serve as a 
                        basis for concluding that the farm operation on 
                        that parcel of land is part of a single farm 
                        operation operated by the individual or entity 
                        on other parcels of land.''.
    (b) Identification of Owners, Lessees, and Operators and of Single 
Farm Operations.--The Reclamation Reform Act of 1982 (43 U.S.C. 390aa 
et seq.) is amended by inserting after section 201 the following:

``SEC. 201A. IDENTIFICATION OF OWNERS, LESSEES, AND OPERATORS AND OF 
              SINGLE FARM OPERATIONS.

    ``(a) In General.--Subject to subsection (b), for each parcel of 
land to which irrigation water is delivered or proposed to be 
delivered, the Secretary shall identify a single individual or legal 
entity as the owner, lessee, or operator.
    ``(b) Shared Decisionmaking and Supervision.--If the Secretary 
determines that no single individual or legal entity is the owner, 
lessee, or other individual that performs the greatest proportion of 
decisionmaking for and supervision of the agricultural enterprise on a 
parcel of land--
            ``(1) all individuals and legal entities that own, lease, 
        or perform a proportion of decisonmaking and supervision that 
        is equal as among themselves but greater than the proportion 
        performed by any other individual or legal entity shall be 
        considered jointly to be the owner, lessee, or operator; and
            ``(2) all parcels of land of which any such individual or 
        legal entity is the owner, lessee, or operator shall be 
        considered to be part of the single farm operation of the 
        owner, lessee, or operator identified under subsection (1).''.
    (c) Pricing.--Section 205 of the Reclamation Reform Act of 1982 (43 
U.S.C. 390ee) is amended by adding at the end the following:
    ``(d) Single Farm Operations Generating More Than $500,000 in Gross 
Farm Income.--
            ``(1) In general.--Notwithstanding subsections (a), (b), 
        and (c), in the case of--
                    ``(A) a qualified recipient that reports gross farm 
                income from a single farm operation in excess of 
                $500,000 for a taxable year; or
                    ``(B) a limited recipient that received irrigation 
                water on or before October 1, 1981, and that reports 
                gross farm income from a single farm operation in 
                excess of $500,000 for a taxable year;
            irrigation water may be delivered to the single farm 
        operation of the qualified recipient or limited recipient at 
        less than full cost to a number of acres that does not exceed 
        the number of acres determined under paragraph (2).
            ``(2) Maximum number of acres to which irrigation water may 
        be delivered at less than full cost.--The number of acres 
        determined under this subparagraph is the number equal to the 
        number of acres of the single farm operation multiplied by a 
        fraction, the numerator of which is $500,000 and 
the denominator of which is the amount of gross farm income reported by 
the qualified recipient or limited recipient in the most recent taxable 
year.
            ``(3) Inflation adjustment.--
                    ``(A) In general.--The $500,000 amount under 
                paragraphs (1) and (2) for any taxable year beginning 
                in a calendar year after 2002 shall be equal to the 
                product of--
                            ``(i) $500,000, multiplied by
                            ``(ii) the inflation adjustment factor for 
                        the taxable year.
                    ``(B) Inflation adjustment factor.--The term 
                `inflation adjustment factor' means, with respect to 
                any calendar year, a fraction the numerator of which is 
                the GDP implicit price deflator for the preceding 
                calendar year and the denominator of which is the GDP 
                implicit price deflator for 2002. Not later than April 
                1 of any calendar year, the Secretary shall publish the 
                inflation adjustment factor for the preceding calendar 
                year.
                    ``(C) GDP implicit price deflator.--For purposes of 
                subparagraph (B), the term `GDP implicit price 
                deflator' means the first revision of the implicit 
                price deflator for the gross domestic product as 
                computed and published by the Secretary of Commerce.
                    ``(D) Rounding.--If any increase determined under 
                subparagraph (A) is not a multiple of $100, the 
                increase shall be rounded to the next lowest multiple 
                of $100.''.
    (d) Certification of Compliance.--Section 206 of the Reclamation 
Reform Act of 1982 (43 U.S.C. 390ff) is amended to read as follows:

``SEC. 206. CERTIFICATION OF COMPLIANCE.

    ``(a) In General.--As a condition to the receipt of irrigation 
water for land in a district that has a contract described in section 
203, each owner, lessee, or operator in the district shall furnish the 
district, in a form prescribed by the Secretary, a certificate that the 
owner, lessee, or operator is in compliance with this title, including 
a statement of the number of acres owned, leased, or operated, the 
terms of any lease or agreement pertaining to the operation of a farm 
operation, and, in the case of a lessee or operator, a certification 
that the rent or other fees paid reflect the reasonable value of the 
irrigation water to the productivity of the land.
    ``(b) Documentation.-- The Secretary may require a lessee or 
operator to submit for the Secretary's examination--
            ``(1) a complete copy of any lease or other agreement 
        executed by each of the parties to the lease or other 
        agreement; and
            ``(2) a copy of the return of income tax imposed by chapter 
        1 of the Internal Revenue Code of 1986 for any taxable year in 
        which the single farm operation of the lessee or operator 
        received irrigation water at less than full cost.''.
    (e) Trusts.--Section 214 of the Reclamation Reform Act of 1982 (43 
U.S.C. 390nn) is repealed.
    (f) Administrative Provisions.--
            (1) Penalties.--Section 224(c) of the Reclamation Reform 
        Act of 1982 (43 U.S.C. 390ww(c)) is amended--
                    (A) by striking ``(c) The Secretary'' and inserting 
                the following:
    ``(c) Regulations; Data Collection; Penalties.--
            ``(1) Regulations; data collection.--The Secretary''; and
                    (B) by adding at the end the following:
            ``(2) Penalties.--Notwithstanding any other provision of 
        law, the Secretary shall establish appropriate and effective 
        penalties for failure to comply with any provision of this Act 
        or any regulation issued under this Act.''.
            (2) Interest.--Section 224(i) of the Reclamation Reform Act 
        of 1982 (43 U.S.C. 390ww(i)) is amended by striking the last 
        sentence and inserting the following: ``The interest rate 
        applicable to underpayments shall be equal to the rate 
        applicable to expenditures under section 202(3)(C).''.
    (g) Reporting.--Section 228 of the Reclamation Reform Act of 1982 
(43 U.S.C. 390zz) is amended by inserting ``operator or'' before 
``contracting entity'' each place it appears.
    (h) Memorandum of Understanding.--The Reclamation Reform Act of 
1982 (43 U.S.C. 390aa et seq.) is amended--
            (1) by redesignating sections 229 and 230 as sections 230 
        and 231; and
            (2) by inserting after section 228 the following:

``SEC. 229. MEMORANDUM OF UNDERSTANDING.

    ``The Secretary, the Secretary of the Treasury, and the Secretary 
of Agriculture shall enter into a memorandum of understanding or other 
appropriate instrument to permit the Secretary, notwithstanding section 
6103 of the Internal Revenue Code of 1986, to have access to and use of 
available information collected or maintained by the Department of the 
Treasury and the Department of Agriculture that would aid enforcement 
of the ownership and pricing limitations of Federal reclamation law.''.

   TITLE II--TERMINATION OF THE UNIFORMED SERVICES UNIVERSITY OF THE 
                            HEALTH SCIENCES

SECTION 201. TERMINATION.

    (a) In General.--The Uniformed Services University of the Health 
Sciences is terminated.
    (b) Conforming Amendments.--
            (1) Chapter 104 of title 10, United States Code, is 
        repealed.
            (2) The table of chapters at the beginning of subtitle A of 
        such title, and at the beginning of part III of such subtitle, 
        are each amended by striking out the item relating to chapter 
        104.
    (c) Effective Dates.--
            (1) Termination.--The termination of the Uniformed Services 
        University of the Health Sciences under subsection (a)(1) shall 
        take effect on the day after the date of the graduation from 
        the university of the last class of students that enrolled in 
        such university on or before the date of the enactment of this 
        Act.
            (2) Amendments.--The amendments made by subsection (a)(2) 
        shall take effect on the date of the enactment of this Act, 
        except that the provisions of chapter 104 of title 10, United 
        States Code, as in effect on the day before such date, shall 
        continue to apply with respect to the Uniformed Services 
        University of the Health Sciences until the termination of the 
        university under this section.

 TITLE III--TERMINATION OF PRODUCTION UNDER THE D5 SUBMARINE-LAUNCHED 
                            MISSILE PROGRAM

SECTION 301. PRODUCTION TERMINATION.

    (a) Termination of Program.--The Secretary of Defense shall 
terminate production of D5 submarine-launched ballistic missiles under 
the D5 submarine-launched ballistic missile program.
    (b) Payment of Termination Costs.--Funds available on or after the 
date of the enactment of this Act for obligation for the D5 submarine-
launched ballistic missile program may be obligated for production 
under that program only for payment of the costs associated with the 
termination of production under this Act.

SEC. 302. CURRENT PROGRAM ACTIVITIES.

    Nothing in this legislation shall be construed to prohibit or 
otherwise affect the availability of funds for the following:
            (1) Production of D5 submarine-launched ballistic missiles 
        in production on the date of the enactment of this Act.
            (2) Maintenance after the date of the enactment of this Act 
        of the arsenal of D5 submarine-launched ballistic missiles in 
        existence on such date, including the missiles described in 
        paragraph (1).
[A]: Deficit Reduction Act of 2003 - Irrigation Subsidy Reduction Act of 2001 (sic) - Amends the Reclamation Reform Act of 1982 to direct the Secretary of the Interior, for each parcel of land to which irrigation water is delivered or proposed to be delivered, to identify a single individual or legal entity as the owner, lessee, or operator.Allows irrigation water to be delivered at less than the normal per-acre cost to either: (1) a qualified recipient that reports gross farm income from a single farm operation in excess of $500,000 per taxable year; or (2) a limited recipient that received such water on or before October 1, 1981, and that reports gross farm income in excess of such amount.Requires lessees (currently, only owners and operators) of an irrigation district to furnish such district a certification of compliance with the Act. Allows the Secretary to require a lessee or operator to submit for examination a copy of a tax return for any taxable year in which the single farm operation of the lessee or operator received irrigation water at less than full cost.Repeals a provision exempting from Federal reclamation ownership and cost pricing limitations district lands held in trust for a beneficiary or beneficiaries whose interests in the lands served do not exceed such limitations.Directs the Secretaries of the Interior, the Treasury, and Agriculture to enter into a memorandum of understanding to permit the Secretary of the Interior to have access to and use available information collected or maintained by either the Department of the Treasury or Agriculture that would aid in enforcement of the ownership and pricing limitations of Federal reclamation law.Terminates the Uniformed Services University of Health Science.Requires the Secretary of Defense to terminate production of D5 submarine-launched ballistic missiles under the D5 submarine-launched ballistic missile program.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Native American Economic Development 
and Infrastructure for Housing Act of 2007''.

SEC. 2. DEMONSTRATION PROGRAM FOR GUARANTEED LOANS TO FINANCE TRIBAL 
              COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES.

    (a) Authority.--To the extent or in such amounts as are provided in 
appropriation Acts, the Secretary of Housing and Urban Development (in 
this section referred to as the ``Secretary'') may, subject to the 
limitations of this section and upon such terms and conditions as the 
Secretary may prescribe, guarantee and make commitments to guarantee, 
the notes and obligations issued by Indian tribes or tribally 
designated housing entities (as such term is defined in section 4 of 
the Native American Housing Assistance and Self-Determination Act of 
1996 (25 U.S.C. 4103)) with tribal approval, for the purposes of 
financing activities, carried out on Indian reservations and in other 
Indian areas, that under the first sentence of section 108(a) of the 
Housing and Community Development Act of 1974 are eligible for 
financing with notes and other obligations guaranteed pursuant to such 
section 108.
    (b) Low-Income Benefit Requirement.--Not less than 70 percent of 
the aggregate funds received by an Indian tribe or tribally designated 
housing entity as a result of a guarantee under this section shall be 
used for the support of activities that benefit low-income Indian 
families (as such term is defined for purposes of the Native American 
Housing Assistance and Self-Determination Act of 1996) on Indian 
reservations and other Indian areas.
    (c) Financial Soundness.--The Secretary shall establish 
underwriting criteria for guarantees under this section, including fees 
for such guarantees, as may be necessary to ensure that the program 
under this section for such guarantees is financially sound. Such fees 
shall be established in amounts that are sufficient, but do not exceed 
the minimum amounts necessary, to maintain a negative credit subsidy 
for such program, as determined based upon risk to the Federal 
Government under such underwriting requirements.
    (d) Terms of Obligations.--Notes or other obligations guaranteed 
pursuant to this section shall be in such form and denominations, have 
such maturities, and be subject to such conditions as may be prescribed 
by regulations issued by the Secretary. The Secretary may not deny a 
guarantee under this section on the basis of the proposed repayment 
period for the note or other obligation, unless the period is more than 
20 years or the Secretary determines that the period causes the 
guarantee to constitute an unacceptable financial risk.
    (e) Limitation on Percentage.--A guarantee made under this section 
shall guarantee repayment of 95 percent of the unpaid principal and 
interest due on the notes or other obligations guaranteed.
    (f) Security and Repayment.--
            (1) Requirements on issuer.--To ensure the repayment of 
        notes or other obligations and charges incurred under this 
        section and as a condition for receiving such guarantees, the 
        Secretary shall require the Indian tribe or housing entity 
        issuing such notes or obligations to--
                    (A) enter into a contract, in a form acceptable to 
                the Secretary, for repayment of notes or other 
                obligations guaranteed under this section;
                    (B) demonstrate that the extent of such issuance 
                and guarantee under this section is within the 
                financial capacity of the tribe; and
                    (C) furnish, at the discretion of the Secretary, 
                such security as may be deemed appropriate by the 
                Secretary in making such guarantees, including 
                increments in local tax receipts generated by the 
                activities assisted by a guarantee under this section 
                or disposition proceeds from the sale of land or 
                rehabilitated property, except that such security may 
                not include any grant amounts received or for which the 
                issuer may be eligible under title I of the Native 
                American Housing Assistance and Self-Determination Act 
                of 1996.
            (2) Full faith and credit.--The full faith and credit of 
        the United States is pledged to the payment of all guarantees 
        made under this section. Any such guarantee made by the 
        Secretary shall be conclusive evidence of the eligibility of 
        the obligations for such guarantee with respect to principal 
        and interest, and the validity of any such guarantee so made 
        shall be incontestable in the hands of a holder of the 
        guaranteed obligations.
    (g) Training and Information.--The Secretary, in cooperation with 
Indian tribes and tribally designated housing entities, shall carry out 
training and information activities with respect to the guarantee 
program under this section.
    (h) Limitations on Amount of Guarantees.--
            (1) 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 section, to the extent approved or 
        provided in appropriations Acts, the Secretary may enter into 
        commitments to guarantee notes and obligations under this 
        section with an aggregate principal amount not to exceed 
        $200,000,000 for each of fiscal years 2008 through 2012.
            (2) Authorization of appropriations for credit subsidy.--
        There are authorized to be appropriated 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 expended for the 
        benefit of the Cherokee Nation of Oklahoma 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 
        recognizes 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 authorized to be 
        appropriated for this section for any fiscal year.
            (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 
        Secretary 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 increasing 
                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 regarding 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.
[A]:
Native American Economic Development and Infrastructure for Housing Act of 2007 - (Sec. 2) Authorizes the Secretary of Housing and Urban Development to guarantee notes and obligations issued by Indian tribes or tribally designated housing entities, with tribal approval, to finance community and economic development activities on Indian reservations and in other Indian areas.

Requires the use of at least 70% of the aggregate funds received as a result of such guarantee to support activities that benefit low-income Indian families.

Directs the Secretary to establish underwriting criteria for such guarantees, including necessary fees, to ensure that the guarantee program is financially sound.

Prohibits the Secretary from denying a guarantee on the basis of the proposed repayment period for the note or other obligation, unless the period is more than 20 years or he determines that the period causes the guarantee to constitute an unacceptable financial risk.

Limits a guarantee to repayment of 95% of the unpaid principal and interest due.





Requires the Secretary, in cooperation with Indian tribes and tribally designated housing entities, to carry out training and information activities with respect to the guarantee program.

Authorizes the Secretary to enter into guarantee commitments with an aggregate principal amount of up to $200 million for each of FY2008-FY2012.

Authorizes appropriations for such fiscal years. Prohibits the expenditure of funds appropriated under this Act for the benefit of the Cherokee Nation of Oklahoma until the Secretary certifies to Congress that it is in compliance with the Treaty of 1866 and fully recognizes all Cherokee Freedmen and their descendants as citizens of the Cherokee Nation.

Limits to $1 billion, or any authorized higher amount, the total aggregate outstanding obligations guaranteed on a cumulative basis by the Secretary for any fiscal year.

Requires the Secretary to monitor the use of such guarantees by Indian tribes. Authorizes the Secretary, upon finding that 50% of such aggregate guarantee authority has been committed, to: (1) limit to $25 million the amount of guarantees that any one Indian tribe may receive in any fiscal year; or (2) request the enactment of legislation increasing the aggregate outstanding limitation.



Terminates on October 1, 2012, the Secretary's authority to make new guarantees for notes and obligations.