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The following terms, wherever used or referred to in this chapter, shall have the following respective meanings, unless a different meaning clearly appears from the context:

“Area of operation” means the service area of the Tribe.

“Council” means the Karuk Tribe’s governing body.

“Federal government” includes the United States of America, the Department of Housing and Urban Development, or any other agency or instrumentality, corporate or otherwise, of the United States of America.

“Homebuyer” means a person(s) who has executed a lease-purchase agreement with the KTHA, and who has not yet achieved homeownership.

“Housing project” or “program” means any work or undertaking to provide or assist in providing decent, safe and sanitary living accommodations for Native American persons of low and moderate income.

“Obligation” means notes, bonds, interim certificates, debentures, or other forms of obligation issued by the KTHA pursuant to this chapter.

“Person(s) of low income” means persons or families whose income is at or below eighty (80) percent of U.S. median income.

“Person(s) of moderate income” means persons or families whose income is between eighty (80) percent and one hundred (100) percent of U.S. median income limit. [Ord. 2 Art. III, 9/7/2005.]