Title 25, IndiansRelease 119-102
§4193 Payment of Interest
Title 25 › CHAPTER 43 — NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION › SUBCHAPTER VI — FEDERAL GUARANTEES FOR FINANCING FOR TRIBAL HOUSING ACTIVITIES › § 4193
Summary
The Secretary, if Congress provides money, may give grants to tribes or housing issuers of guaranteed notes to cover up to 30% of their net interest costs, including fees allowed in rules. The Secretary can also help pay part or all of principal and interest if an 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
Aug 21, 2026
Release point: 119-102