25 U.S.C. · Indians
25 U.S.C. § 1462

Economic development; educational loans; limitation of loans to or investments in non-Indian organizations

Ch. 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS
Title 25 U.S.C. ● ACTIVE Primary Source Ch. 17
Statutory Text

25 U.S.C. § 1462 — Economic development; educational loans; limitation of loans to or investments in non-Indian organizations

U.S.C. Title 25 - INDIANS 25 U.S.C. United States Code, 2023 Edition Title 25 - INDIANS CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS SUBCHAPTER I - INDIAN REVOLVING LOAN FUND Sec. 1462 - Economic development; educational loans; limitation of loans to or investments in non-Indian organizations From the U.S. Government Publishing Office, www.gpo.gov

§1462. Economic development; educational loans; limitation of loans to or investments in non-Indian organizations

Loans may be made for any purpose which will promote the economic development of (a) the individual Indian borrower, including loans for educational purposes, and (b) the Indian organization and its members including loans by such organizations to other organizations and investments in other organizations regardless of whether they are organizations of Indians: Provided, That not more than 50 per centum of loan made to an organization shall be used by such organization for the purpose of making loans to or investments in non-Indian organizations.

(Pub. L. 93–262, title I, §102, Apr. 12, 1974, 88 Stat. 78.)

Source: uscode.house.gov — public domain Official Source ↗
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25 U.S.C. § 1462
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The statutory text of 25 U.S.C. § 1462 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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