42 U.S.C. § 2991b-1
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-
The Commissioner may prescribe such other regulations as may be necessary to carry out the purposes of this section, including regulations involving reporting and auditing.
42 U.S.C. § 2991b-1
EDITORIAL NOTES
AMENDMENTS1998-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. (a)(1)(A). Pub. L. 105-361, §3(a)(1)(B), inserted "or loan guarantees" after "make loans".Subsec. (b)(1). Pub. L. 105-361, §3(a)(2)(A), substituted "a loan or loan guarantee to a borrower" for "loans to a borrower" in introductory provisions. Subsec. (b)(2). Pub. L. 105-361, §3(a)(2)(B)(i), substituted "Each loan or loan guarantee made" for "Loans made" in introductory provisions.Subsec. (b)(2)(A). Pub. L. 105-361, §3(a)(2)(B)(ii), substituted "7 years" for "5 years". 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).Subsec. (f)(1). Pub. L. 105-361, §3(a)(3), substituted "2000 and 2001," for "1992, 1993, and 1994,". 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).Subsec. (d)(2). Pub. L. 103-171, §5(3)(B), struck out "to which a grant is made under subsection (a)(1) of this section" after "Commissioner shall provide to the Office".Subsec. (f)(1). Pub. L. 103-171, §5(3)(C), substituted "each of the fiscal years 1992, 1993, and 1994, $1,000,000" for "fiscal years 1988, 1989, and 1990 the aggregate amount $3,000,000 for all such fiscal years". 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). Pub. L. 102-375, §822(2)(B), which directed the amendment of this section by substituting "Office" for "agency or organization to which a grant is awarded under subsection (a)(1) of this section" wherever appearing, could not be executed because the words "agency or organization to which a grant is awarded under subsection (a)(1) of this section" did not appear in the original.Subsec. (a)(1). Pub. L. 102-375, §822(2)(A), substituted "the Office of Hawaiian Affairs of the State of Hawaii (referred to in this section as the 'Office')" for "one agency of the State of Hawaii, or to one community-based Native Hawaiian organization whose purpose is the economic and social self-sufficiency of Native Hawaiians", struck out "5-year" before "demonstration", and in subpar. (A) substituted "the Office" for "such agency or Native Hawaiian organization".Subsec. (a)(2). Pub. L. 102-375, §822(2)(E), inserted before period at end "and a requirement that the grantee contribute to the revolving loan fund an amount of non-Federal funds equal to the amount of such grant".Subsec. (b)(6). Pub. L. 102-375, §822(2)(F) struck out par. (6) which prohibited making of loan from revolving fund after close of 5-year period beginning on Nov. 29, 1987.Subsec. (f)(1). Pub. L. 102-375, §822(2)(G), which directed substitution of "each of the fiscal years 1992, 1993, and 1994, $1,000,000" for "fiscal years 1988, 1989, and 1990 the aggregate amount of $3,000,000 for all such fiscal years", could not be executed because the words "fiscal years 1988, 1989, and 1990 the aggregate amount of $3,000,000 for all such fiscal years" did not appear.Subsec. (f)(3). Pub. L. 102-375, §822(2)(H), struck out par. (3) which read as follows: "(A) All monies that are in the revolving loan fund at the close of the 5-year period beginning on November 29, 1987, and that are not otherwise needed (as determined by the Secretary) to carry out the provisions of this section shall be deposited in the Treasury of the United States as miscellaneous receipts."(B) All monies deposited in the revolving loan fund after the close of such period pursuant to subsection (a)(1)(B) of this section shall be deposited into the Treasury of the United States as miscellaneous receipts."Subsec. (g). Pub. L. 102-375, §822(2)(I), amended subsec. (g) generally. Prior to amendment, subsec. (g) read as follows:"(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- "(A) an interim report not later than 2 years after November 29, 1987; and "(B) a final report not later than 4 years after November 29, 1987;regarding the administration of this section. "(2) Each such report shall include the views and recommendations of the Secretary regarding-"(A) the effectiveness of the demonstration project;"(B) whether the demonstration project should be expanded to other groups eligible for assistance under this subchapter; and"(C) whether the duration of the demonstration project should be extended."
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATESection effective upon expiration of 90-day period beginning Nov. 29, 1987, see section 701(c) of Pub. L. 100-175 set out as an Effective Date of 1987 Amendment note under section 3001 of this title.
- Secretary
- The term "Secretary" means the Secretary of Housing and Urban Development.1See References in Text note below.
- project
- The terms "federally assisted housing" and "project" mean-(A) a public housing project (as such term is defined in section 3(b) of the United States Housing Act of 1937 [42 U.S.C. 1437a(b)] );(B) housing for which project-based assistance is provided under section 8 of the United States Housing Act of 1937 [42 U.S.C. 1437f] ;(C) housing that is assisted under section 1701q of title 12;(D) housing that is assisted under section 1701q of title 12, as such section existed before November 28, 1990;(E) housing financed by a loan or mortgage insured under section 1715l(d)(3) of title 12 that bears interest at a rate determined under the proviso of section 1715l(d)(5) of title 12;(F) housing insured, assisted, or held by the Secretary or a State or State agency under section 1715z-1 of title 12;(G) housing constructed or substantially rehabilitated pursuant to assistance provided under section 8(b)(2) of the United States Housing Act of 1937 [42 U.S.C. 1437f(b)(2)], as in effect before October 1, 1983, that is assisted under a contract for assistance under such section; and(H) housing that is assisted under section 80131 of this title.