Title 25 — IndiansRelease 119-73

§4193 Payment of interest

Title 25 › Chapter CHAPTER 43— - NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION › Subchapter SUBCHAPTER VI— - FEDERAL GUARANTEES FOR FINANCING FOR TRIBAL HOUSING ACTIVITIES › § 4193

Last updated Apr 6, 2026|Official source

Summary

The Secretary can give grants, as Congress allows in spending bills, to an Indian tribe or its housing group that issues notes or other obligations backed by this part of the law. Those grants can cover up to 30% of the net interest cost, including fees the Secretary’s rules allow. If Congress provides money, the Secretary can also help pay some or all of the amount borrowed and the interest on those notes when the issuer cannot pay because of extreme hardship beyond its control.

Full Legal Text

Title 25, §4193

Indians — Source: USLM XML via OLRC

The Secretary may make, and contract to make, grants, in such amounts as may be approved in appropriations Acts, to or on behalf of an Indian tribe or housing entity issuing notes or other obligations guaranteed under this subchapter, to cover not to exceed 30 percent of the net interest cost (including such servicing, underwriting, or other costs as may be specified in regulations of the Secretary) to the borrowing entity or agency of such obligations. The Secretary may also, to the extent approved in appropriations Acts, assist the issuer of a note or other obligation guaranteed under this subchapter in the payment of all or a portion of the principal and interest amount due under the note or other obligation, if the Secretary determines that the issuer is unable to pay the amount because of circumstances of extreme hardship beyond the control of the issuer.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Section effective Oct. 26, 1996, see section 606 of Pub. L. 104–330, set out as a note under section 4191 of this title.

Reference

Citations & Metadata

Citation

25 U.S.C. § 4193

Title 25 — Indians

Last Updated

Apr 6, 2026

Release point: 119-73