H.R.2541 - Tribal Economic Development and Infrastructure Support Act of 2007

To amend title VI of the Native American Housing and Self-Determination Act of 1996 to authorize Indian tribes to issue notes and other obligations to finance community and economic development activities, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Tribal Economic Development and Infrastructure Support Act of 2007 as introduced.
  • Official: To amend title VI of the Native American Housing and Self-Determination Act of 1996 to authorize Indian tribes to issue notes and other obligations to finance community and economic development activities, and for other purposes. as introduced.

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Introduced
 
House
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Senate
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05/24/07
 
 
 
 
 
 
 

Official Summary

Tribal Economic Development and Infrastructure Support Act of 2007 - Amends the Native American Housing and Self-Determination Act of 1996 to: (1) authorize Indian tribes to issue notes and other obligations (guarantee loans) to finance community and economic development activities; and (2)

Official Summary

Tribal Economic Development and Infrastructure Support Act of 2007 - Amends the Native American Housing and Self-Determination Act of 1996 to:
(1) authorize Indian tribes to issue notes and other obligations (guarantee loans) to finance community and economic development activities; and
(2) require at least 70% of the aggregate funds received by an Indian tribe or tribally designated housing entity as a result of a guarantee under such Act to be used for the support of activities that benefit low-income Indian families on Indian reservations and other Indian areas.

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