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25 U.S.C. · Indians
25 U.S.C. § 5113

Revolving fund; appropriation for loans

Ch. 45 — PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES
Title 25 U.S.C. ● ACTIVE Primary Source Ch. 45
Statutory Text

25 U.S.C. § 5113 — Revolving fund; appropriation for loans

U.S.C. Title 25 - INDIANS 25 U.S.C. United States Code, 2023 Edition Title 25 - INDIANS CHAPTER 45 - PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES Sec. 5113 - Revolving fund; appropriation for loans From the U.S. Government Publishing Office, www.gpo.gov

§5113. Revolving fund; appropriation for loans

There is authorized to be appropriated, out of any funds in the Treasury not otherwise appropriated, the sum of $20,000,000 to be established as a revolving fund from which the Secretary of the Interior, under such rules and regulations as he may prescribe, may make loans to Indian chartered corporations for the purpose of promoting the economic development of such tribes and of their members, and may defray the expenses of administering such loans. Repayment of amounts loaned under this authorization shall be credited to the revolving fund and shall be available for the purposes for which the fund is established.

(June 18, 1934, ch. 576, §10, 48 Stat. 986; Pub. L. 86–533, §1(16), June 29, 1960, 74 Stat. 248; Pub. L. 87–250, Sept. 15, 1961, 75 Stat. 520.)

Editorial Notes

Codification Section was formerly classified to section 470 of this title prior to editorial reclassification and renumbering as this section.

Amendments 1961—Pub. L. 87–250 substituted "$20,000,000" for "$10,000,000". 1960—Pub. L. 86–533 repealed provisions which required a report to be made annually to the Congress of transactions under the authorization.

Statutory Notes and Related Subsidiaries Administration of Fund Funds from diverse sources to be administered as a single Indian Revolving Loan Fund after Apr. 12, 1974, see section 1461 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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boisestandard.org
Citation
25 U.S.C. § 5113
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6827ce65a4bff5e7...
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The statutory text of 25 U.S.C. § 5113 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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Ch. 45 — PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES
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