Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section2991b-1&num=0&edition=prelim
Timestamp: 2018-09-25 03:43:55
Document Index: 162920425

Matched Legal Cases: ['§ 2991', '§803', '§506', '§822', '§5', '§3', '§3', '§3', '§5', '§822']

[USC07] 42 USC 2991b-1: Loan fund; demonstration project
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42 USC 2991b-1: Loan fund; demonstration project Text contains those laws in effect on September 23, 2018
(1) In order to provide funding that is not available from private sources, the Commissioner shall award a grant to the Office of Hawaiian Affairs of the State of Hawaii (referred to in this section as the "Office"), which shall use that grant to carry out, in the State of Hawaii, a demonstration project involving the establishment of a revolving loan fund-
(1) The Office may make a loan or loan guarantee to a borrower under subsection (a)(1)(A) only if the Office determines that-
(2) Each loan or loan guarantee made under subsection (a)(1)(A) shall be-
(B) at a rate of interest that does not exceed a rate equal to the sum of-
(B) Upon receiving such notice, the Commissioner shall instruct the Office-
(1) The Office shall, out of funds available in the revolving loan fund established under such subsection-
Not later than 120 days after November 29, 1987, the Commissioner, in consultation with appropriate agencies of the State of Hawaii and community-based Native Hawaiian organizations, shall prescribe regulations which set forth the procedures and criteria to be used-
(2) Such report shall include the views and recommendations of the Commissioner with respect to the revolving loan fund established under subsection (a)(1) and with respect to loans made from such fund, and shall-
(Pub. L. 88–452, title VIII, §803A, as added Pub. L. 100–175, title V, §506(a), Nov. 29, 1987, 101 Stat. 976 ; amended Pub. L. 102–375, title VIII, §822(2), Sept. 30, 1992, 106 Stat. 1296 ; Pub. L. 103–171, §5(3), Dec. 2, 1993, 107 Stat. 1991 ; Pub. L. 105–361, §3, Nov. 10, 1998, 112 Stat. 3278 .)
1998-Subsec. (a)(1). Pub. L. 105–361, §3(a)(1)(A), in introductory provisions, substituted "award a grant" for "award grants" and "use that grant to carry out" for "use such grants to establish and carry out".
Subsec. (b)(2)(B). Pub. L. 105–361, §3(a)(2)(B)(iii), substituted "that does not exceed a rate equal to the sum of-" for "that is 2 percentage points below the average market yield on the most recent public offering of United States Treasury bills occurring before the date on which the loan is made." and added cls. (I) and (II).
1993-Subsecs. (b) to (d)(1). Pub. L. 103–171, §5(3)(A), struck out "to which a grant is awarded under subsection (a)(1) of this section" before "may make loans" in subsec. (b)(1), before "may require any borrower" in subsec. (b)(3), before "shall establish written" in subsec. (b)(4), before "may not lend" in subsec. (b)(5), before "shall provide the Commissioner" in subsec. (c)(1), before "shall notify the Commissioner" in subsec. (c)(2)(A), and before "shall, out of funds" in subsec. (d)(1).
1992-Pub. L. 102–375, §822(2)(C), (D), substituted "Commissioner" for "Secretary" wherever appearing in subsecs. (a)(1), (b)(4), (c), (d)(2), and (e) and "Office" for "agency or organization" wherever appearing in subsecs. (b)(1), (3) to (5), (c), and (d).
"(1) The Secretary, in consultation with the agency or organization to which a grant is awarded under subsection (a)(1) of this section, shall submit to the Congress-
"(2) Each such report shall include the views and recommendations of the Secretary regarding-