Indian Financing Act Amendments of 1984
PL 98-449 (S.2614), enacted 10/04/1984

PUBLIC LAW 98-449—OCT. 4, 1984 
98 STAT. 1725 
Public Law 98-449 
98th Congress 
An Act 
To reauthorize and amend the Indian Financing Act. 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That this Act may 
be cited as the "Indian Financing Act Amendments of 1984". 
SEC. 2. Section 101 of the Indian Financing Act of 1974 (25 U.S.C. 
1461) is amended by striking out "which are not members of or 
eligible for membership in an organization which is making loans to 
its members . 
SEC. 3. Section 105 of the Indian Financing Act of 1974 (25 U.S.C. 
1465) is amended by striking out "United States: Provided, That 
proceedings pursuant to this sentence shall be effective only after 
following the procedure prescribed by the Act of July 1, 1932 (47 
Stat. 564; 25 U.S.C. 386a)" and inserting in lieu thereof "United 
States". 
SEC. 4. Section 201 of the Indian Financing Act of 1974 (25 U.S.C. 
1481) is amended by striking out "who are not members of or eligible 
for membership in an organization which is making loans to its 
members". 
SEC. 5. Section 204 of the Indian Financing Act of 1974 (25 U.S.C. 
1484) is amended— 
(1) by striking out "$100,000" in the fourth sentence and 
inserting in lieu thereof "$350,000", 
(2) by inserting the following sentence after the first sentence: 
"The Secretary shall review each loan application individually 
and independently from the lender.". 
SEC. 6. Section 211 of the Indian Financing Act of 1974 (25 U.S.C. 
1491) is amended by striking out "section: Provided, That proceed-
ings pursuant to this sentence shall be effective only after following 
the procedure prescribed by the Act of July 1, 1932 (47 Stat. 564; 25 
U.S.C. 386a)" and inserting in lieu thereof "section". 
SEC. 7. Section 217 of the Indian Financing Act of 1974 (25 U.S.C. 
1497) is amended by adding at the end thereof the following new 
subsection: 
"(e) There are authorized to be appropriated for each fiscal year 
beginning in fiscal year 1985 such sums as may be necessary to 
fulfill obligations with respect to losses on loans guaranteed or 
insured under this title. All collections shall remain 
until 
expended.". 
SEC. 8. Section 302 of the Indian Financing Act of 1974 (25 U.S.C. 
1512) is amended to read as follows: 
"There are authorized to be appropriated for fiscal year 1985, and 
for each fiscal year thereafter, an amount which does not exceed 
$5,500,000 for purposes of making interest payments authorized 
under this title. Sums appropriated under this section, shall remain 
available until expended.'. 
SEC. 9. Section 402(a) of the Indian Financing Act of 1974 (25 
U.S.C. 1522) is amended to read as follows: 
Oct. 4, 1984 
[S. 2614] 
Indian 
Financing 
Act 
Amendments of 
1984. 
25 u s e 1451 
note. 
Appropriation 
authorization. 
Appropriation 
authorization. 
98 STAT. 1726 
PUBLIC LAW 98-449—OCT. 4, 1984 
Appropriation 
authorization. 
Securities. 
25 u s e 47a. 
25 u s e 1461, 
1481. 
25 u s e 1521. 
25 u s e 1542. 
25 u s e 1512. 
Appropriation 
authorization. 
"No grant in excess of $100,000 in the case of an Indian and 
$250,000 in the case of an Indian tribe, or such lower amount as the 
Secretary may determine to be appropriate, may be made under this 
title.". 
SEC. 10. Section 403 of the Indian Financing Act of 1974 (25 U.S.C. 
1523) is amended to read as follows: 
"There are authorized to be appropriated not to exceed the sum of 
$10,000,000 per year for fiscal year 1986 and each fiscal year thereaf-
ter for the purposes of this title.". 
SEC. 11. The Secretary, in his discretion, may require security 
other than bonds required by the Miller Act (40 U.S.C. 270a) when 
entering into a contract with an Indian-owned economic enterprise 
pursuant to the provisions of the Act of June 25,1910 (25 U.S.C. 47), 
for the construction, alteration, or repair of any public work of the 
United States: Provided, That, the alternative form of security 
provides the United States with adequate security for performance 
and payment. 
SEC. 12. Section 501 of the Indian Financing Act of 1974 (25 U.S.C. 
1541) is amended to read as follows: 
"Prior to and concurrent with the making or guaranteeing of any 
loan under subchapters I and II of this chapter and with the making 
of a grant under subchapter IV of this chapter, the purpose of which 
is to fund the development of an economic enterprise, the Secretary 
shall insure that the loan or grant applicant shall be provided 
competent management and technical assistance for preparation of 
the application and/or administration of funds granted consistent 
with the nature of the enterprise proposed to be or in fact funded.". 
SEC. 13. Section 503 of the Indian Financing Act of 1974 (25 U.S.C. 
1543) is amended to read as follows: 
"For the purpose of entering into contracts pursuant to section 
502 of this title in fiscal year 1985, the Secretary is authorized to use 
not to exceed 6 percent of any funds appropriated for any fiscal year 
pursuant to section 302 of this Act. For fiscal year 1986 and for each 
fiscal year thereafter, there are authorized to be appropriated such 
sums as may be necessary to carry out the provisions of this title.". 
Approved October 4, 1984. 
LEGISLATIVE HISTORY—S. 2614 (H.R. 5519): 
HOUSE REPORT No. 98-991 accompanying H.R. 5519 (Oomm. on Interior and Insular 
Affairs). 
SENATE REPORT No. 98-459 (Select Oomm. on Indian Affairs). 
eONGRESSIONAL REOORD, Vol. 130 (1984): 
June 8, considered and passed Senate. 
Sept. 11, H.R. 5519 considered and passed House; S. 2614, amended, passed in 
lieu. 
Sept. 21, Senate concurred in House amendments with an amendment. 
Sept. 24, House concurred in Senate amendment.