(Senate agreed to House amendments with an amendment) Indian Financing Act Amendments of 1984 - Amends the Indian Financing Act of 1974 to allow the Secretary of the Interior to modify the amount of an outstanding loan without following certain procedures prescribed by statute. Revises provisions covering the guarantee of unpaid principal and interest due on loans made to individual Indians. Raises from $100,000 to $350,000 the ceiling on loan guarantees made to individual Indians. Requires the Secretary to review each loan application independently from the lender. Deletes the requirement that the Secretary must follow specified procedures before paying a guaranteed loan which is in default. Authorizes appropriations for deposit into the Indian Loan Guaranty and Insurance Fund beginning in FY 1985. Authorizes appropriations for FY 1985 and each fiscal year thereafter for certain interest payments. Raises the ceiling placed on Indian business development grants which the Secretary may make to: (1) individual Indians (from $50,000 to $100,000); or (2) Indian tribes (from $50,000 to $250,000). Authorizes appropriations for FY 1986 and each fiscal year thereafter. Authorizes the Secretary to require security other than bonds when contracting for construction or repairs with an Indian-owned business. Requires the Secretary to insure that loan and grant applicants will be provided with technical assistance for the preparation of loan applications and the administration of funds granted under this Act. Authorizes the Secretary to use up to a specified percentage of appropriations for entering into contracts in FY 1985. Authorizes appropriations for FY 1986 and each fiscal year thereafter.
S 2614 - 98Indian Financing Act Amendments of 1984
Became Public Law No: 98-449.
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Summary
Sponsors
Timeline
Signed by President.
Signed by President.
Became Public Law No: 98-449.
Became Public Law No: 98-449.
Measure Signed in Senate.
Presented to President.
Presented to President.
Resolving differences -- House actions: House Agreed to Senate Amendments to House Amendments by Unanimous Consent.
House Agreed to Senate Amendments to House Amendments by Unanimous Consent.
Considered by Senate.
Resolving differences -- Senate actions: Senate concurred with an amendment in the House amendment. By Voice Vote.
Senate concurred with an amendment in the House amendment. By Voice Vote.
House Committee on Interior and Insular Affairs Discharged by Unanimous Consent.
House Committee on Interior and Insular Affairs Discharged by Unanimous Consent.
Called up by House by Unanimous Consent.
Passed/agreed to in House: Passed House (Amended) by Voice Vote.
Passed House (Amended) by Voice Vote.
House Incorporated H.R.5519 in This Measure as an Amendment.
Referred to House Committee on Interior and Insular Affairs.
Considered by Senate.
Passed/agreed to in Senate: Passed Senate with amendments by Voice Vote.
Passed Senate with amendments by Voice Vote.
Committee on Indian Affairs. Reported to Senate by Senator Andrews with amendments. With written report No. 98-459.
Committee on Indian Affairs. Reported to Senate by Senator Andrews with amendments. With written report No. 98-459.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 892.
Committee on Indian Affairs. Hearings held. Hearings printed: S.Hrg. 98-926.
Committee on Indian Affairs. Ordered to be reported with amendments favorably.
Introduced in Senate
Read twice and referred to the Committee on Indian Affairs.