Indian Financing Act Amendments of 1984

Summary

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 $200,000 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. Authorizes appropriations for FY 1986 through 1989 for certain interest payments. Raises from $50,000 to $250,000 the ceiling placed on Indian business development grants which the Secretary may make to Indians or Indian tribes. Authorizes appropriations for FY 1986 through 1989 for such grants.

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Documents

3 official files

• Passed House amended

  summary · EN · 11 September 1984

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 5 September 1984

  Open at official source

• Introduced in House

  summary · EN · 25 April 1984

  Open at official source

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