Regulations last checked for updates: May 18, 2024

Title 24 - Housing and Urban Development last revised: May 07, 2024
§ 1000.420 - May grants made by HUD under section 603 of NAHASDA be used to pay net interest costs incurred when issuing notes or other obligations?

Yes. Other costs that can be paid using grant funds include but are not limited to the costs of servicing and trust administration, and other costs associated with financing of debt obligations, not to exceed 30 percent of the net interest cost.

authority: 25 U.S.C. 4101
source: 63 FR 12349, Mar. 12, 1998, unless otherwise noted.
cite as: 24 CFR 1000.420