Sec. 11402. Inclusion of Indian areas as difficult development areas for purposes of certain buildings
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/bill/119/hr/6900/ih/section-11402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subclause
(I)of section 42(d)(5)(B)(iii) is amended by inserting before the period the following: , and any Indian area . Clause
(iii)of section 42(d)(5)(B) is amended by redesignating subclause
(II)as subclause
(III)and by inserting after subclause
(I)the following new subclause: For purposes of subclause (I), the term Indian area means any Indian area (as defined in section 4(11) of the Native American Housing Assistance and Self Determination Act of 1996 ( 25 U.S.C. 4103(11) )) and any housing area (as defined in section 801(5) of such Act ( 25 U.S.C. 4221(5) )). . Clause
(iii)of section 42(d)(5)(B), as amended by subsection (b), is further amended by adding at the end the following new subclause: In the case of an area which is a difficult development area solely because it is an Indian area, a building shall not be treated as located in such area unless such building is assisted or financed under the Native American Housing Assistance and Self Determination Act of 1996 ( 25 U.S.C. 4101 et seq. ) or the project sponsor is an Indian tribe (as defined in section 45A(c)(6)), a tribally designated housing entity (as defined in section 4(22) of such Act ( 25 U.S.C. 4103(22) )), or wholly owned or controlled by such an Indian tribe or tribally designated housing entity. . The amendments made by this section shall apply to buildings placed in service after December 31, 2025.
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Sec. 11402
Inclusion of Indian areas as difficult development areas for purposes of certain buildings
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