§ 4231. — Types of investments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC4231]
TITLE 25--INDIANS
CHAPTER 43--NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION
SUBCHAPTER VIII--HOUSING ASSISTANCE FOR NATIVE HAWAIIANS
Sec. 4231. Types of investments
(a) In general
Subject to section 4230 of this title and an applicable housing plan
approved under section 4223 of this title, the Director shall have--
(1) the discretion to use grant amounts for affordable housing
activities through the use of--
(A) equity investments;
(B) interest-bearing loans or advances;
(C) noninterest-bearing loans or advances;
(D) interest subsidies;
(E) the leveraging of private investments; or
(F) any other form of assistance that the Secretary
determines to be consistent with the purposes of this
subchapter; and
(2) the right to establish the terms of assistance provided with
funds referred to in paragraph (1).
(b) Investments
The Director may invest grant amounts for the purposes of carrying
out affordable housing activities in investment securities and other
obligations, as approved by the Secretary.
(Pub. L. 104-330, title VIII, Sec. 812, as added Pub. L. 106-568, title
II, Sec. 203, Dec. 27, 2000, 114 Stat. 2888, and Pub. L. 106-569, title
V, Sec. 513, Dec. 27, 2000, 114 Stat. 2982.)
Codification
Pub. L. 106-568, Sec. 203, and Pub. L. 106-569, Sec. 513, enacted
identical sections 812 of Pub. L. 104-330. This section is based on the
text of section 812 of Pub. L. 104-330, as added by Pub. L. 106-569,
Sec. 513.
