Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, <<NOTE: Native American Programs Act Amendments of 1998.>>
This Act may be cited as the ``Native American Programs Act Amendments of 1998''.
AMERICAN PROGRAMS ACT OF 1974.
Section 816 of the Native American Programs Act of 1974 (42 U.S.C. 2992d) is amended-- (1) in subsection (a), by striking ``for fiscal years 1992, 1993, 1994, and 1995.'' and inserting ``for each of fiscal years 1999, 2000, 2001, and 2002.''; (2) in subsection (c), by striking ``for each of the fiscal years 1992, 1993, 1994, 1995, and 1996,'' and inserting ``for each of fiscal years 1999, 2000, 2001, and 2002,''; and (3) in subsection (e), by striking ``, $2,000,000 for fiscal year 1993 and such sums as may be necessary for fiscal years 1994, 1995, 1996, and 1997.'' and inserting ``such sums as may be necessary for each of fiscal years 1999, 2000, 2001, and 2002.''.
(a) In General.--Section 803A of the Native American Programs Act of 1974 (42 U.S.C. 2991b-1) is amended-- (1) in subsection (a)(1)-- (A) in the matter preceding subparagraph (A)-- (i) by striking ``award grants'' and inserting ``award a grant''; and (ii) by striking ``use such grants to establish and carry out'' and inserting ``use that grant to carry out''; and (B) in subparagraph (A), by inserting ``or loan guarantees'' after ``make loans''; (2) in subsection (b)-- (A) in paragraph (1), by striking ``loans to a borrower'' and inserting ``a loan or loan guarantee to a borrower''; and (B) in paragraph (2)--
(i) in the matter preceding subparagraph (A), by striking ``Loans made'' and inserting ``Each loan or loan guarantee made''; (ii) in subparagraph (A), by striking ``5 years'' and inserting ``7 years''; and (iii) in subparagraph (B), by striking ``that is 2 percentage'' and all that follows through the end of the subparagraph and inserting ``that does not exceed a rate equal to the sum of-- ``(I) the most recently published prime rate (as published in the newspapers of general circulation in the State of Hawaii before the date on which the loan is made); and ``(II) 3 percentage points.''; and (3) in subsection (f)(1), by striking ``1992, 1993, and 1994,'' and inserting ``2000 and 2001,''.
Approved November 10, 1998.
LEGISLATIVE HISTORY--S. 459: ---------------------------------------------------------------------------
SENATE REPORTS: No. 105-20 (Comm. on Indian Affairs). CONGRESSIONAL RECORD: Vol. 143 (1997): Sept. 29, considered and passed Senate. Vol. 144 (1998): Oct. 9, considered and passed House, amended. Oct. 14, Senate concurred in House amendments.
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