Indian Development Finance Corporation Act

[AI summary unavailable — showing source text] Indian Development Finance Corporation Act - Title I: Establishment of Corporation - Establishes the Indian Development Finance Corporation. Requires the Corporation to provide development capital and technical and managerial assistance for new and existing Indian businesses and to encourage Indian tribes to participate in the Corporation by owning its equity securities. Authorizes the Corporation to make loans to or purchase, insure, or discount obligations of Indian businesses if they meet specified financial conditions. Directs the Corporation to provide the credit needed by Indian businesses at the lowest reasonable cost, taking into account the Corporation's cost of money, necessary reserve, and expenses. Authorizes the Corporation to guarantee up to 90 percent of the principal and interest of any loan made to an Indian business by a State or federally chartered lending institution on terms permissible for Corporation loans. Authorizes the Corporation to purchase up to 30 percent of the ownership interest in an Indian business and to supervise or participate in the management of such business. Sets forth administrative provisions concerning the Corporation. Requires the Corpor…