Native American Programs Act Amendments of 1998
Latest action (10 Nov 1998): Became Public Law No: 105-361.
What this bill does
This bill, the Native American Programs Act Amendments of 1998, extends federal funding authorizations for programs assisting Native Americans. Specifically, it continues funding through fiscal year 2002 for social and economic activities, environmental improvement grants, and native language preservation efforts. It also makes changes to how a revolving loan fund for Native Hawaiians operates.
Under the revised provisions, the Secretary of Health and Human Services will award a single grant to the Office of Hawaiian Affairs to establish and run a demonstration project. This project will make loans or loan guarantees available to Native Hawaiian organizations and individuals to promote economic development. The maximum term for these loans or guarantees will be seven years, and the interest rate will be tied to the prime rate plus three percentage points.
The bill was introduced in 1997, passed by Congress, and signed into law by the President in 1998. Its provisions related to Native Hawaiian loan funds are authorized for fiscal years 2000 and 2001.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Native American Programs Act Amendments of 1997 - Amends the Native American Programs Act of 1974 to extend authorizations of appropriations through FY 2002 for: (1) social and economic activities under such Act; (2) environmental improvement grants; and (3) native languages preservation grants. (Sec. 3) Revises provisions relating to the Native Hawaiian revolving loan fund to: (1) direct the Secretary of Health and Human Services to award a grant (currently, award grants) to the Office of Hawaiian Affairs of the State of Hawaii for use in carrying out a demonstration project involving the establishment of the revolving loan fund to make loans or loan guarantees (currently, make loans) to Native Hawaiian organizations and to individual Native Hawaiians for the purpose of promoting economic development; (2) provide that each loan or loan guarantee made shall be for a term not to exceed seven years (currently, loans made shall be for a term not to exceed five years); (3) limit the rate of interest on each loan or loan guarantee made to a rate equal to the most recently published prime rate, and three percentage points (currently, the rate of interest is two percentage points below the average market yield on the most recent U.S. Treasury bills); and (4) authorize appropriations for FY 2000 and 2001.
Timeline
10 Nov 1998
Became Public Law No: 105-361.
Common questions
- What does S. 459 do?
- This bill, the Native American Programs Act Amendments of 1998, extends federal funding authorizations for programs assisting Native Americans. Specifically, it continues funding through fiscal year 2002 for social and economic activities, environmental improvement grants, and native language preservation efforts. It also makes changes to how a revolving loan fund for Native Hawaiians operates. Under the revised provisions, the Secretary of Health and Human Services will award a single grant to the Office of Hawaiian Affairs to establish and run a demonstration project. This project will make loans or loan guarantees available to Native Hawaiian organizations and individuals to promote economic development. The maximum term for these loans or guarantees will be seven years, and the interest rate will be tied to the prime rate plus three percentage points. The bill was introduced in 1997, passed by Congress, and signed into law by the President in 1998. Its provisions related to Native Hawaiian loan funds are authorized for fiscal years 2000 and 2001.
- Has S. 459 become law?
- Yes. S. 459 has been enacted. Status last updated 10 Nov 1998.
- Who sponsored S. 459?
- S. 459 was sponsored by Sen. Campbell, Ben Nighthorse [R-CO] (R-CO), with 4 cosponsors.
- What's the latest action on S. 459?
- Became Public Law No: 105-361. (10 Nov 1998).
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