2003 US Code
Title 25 - INDIANS
CHAPTER 24 - INDIAN LAND CONSOLIDATION
Sec. 2215 - Acquisition Fund
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 3, Title 25 - INDIANS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 25 - INDIANS CHAPTER 24 - INDIAN LAND CONSOLIDATION Sec. 2215 - Acquisition Fund |
| Contains | section 2215 |
| Date | 2003 |
| Laws in Effect as of Date | January 19, 2004 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 97-459, title II, §216, as added Pub. L. 106-462, title I, §103(6), Nov. 7, 2000, 114 Stat. 2002. |
| Statutes at Large Reference | 114 Stat. 2002 |
| Public Law References | Public Law 97-459, Public Law 106-462 |
§2215. Acquisition Fund (a) In general
The Secretary shall establish an Acquisition Fund to—
(1) disburse appropriations authorized to accomplish the purposes of section 2212 of this title; and
(2) collect all revenues received from the lease, permit, or sale of resources from interests in trust or restricted lands transferred to Indian tribes by the Secretary under section 2212 of this title or paid by Indian landowners under section 2212(c) of this title.
(b) Deposits; use (1) In generalSubject to paragraph (2), all proceeds from leases, permits, or resource sales derived from an interest in trust or restricted lands described in subsection (a)(2) of this section shall—
(A) be deposited in the Acquisition Fund; and
(B) as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands.
(2) Maximum deposits of proceedsWith respect to the deposit of proceeds derived from an interest under paragraph (1), the aggregate amount deposited under that paragraph shall not exceed the purchase price of that interest under section 2212 of this title.
(Pub. L. 97–459, title II, §216, as added Pub. L. 106–462, title I, §103(6), Nov. 7, 2000, 114 Stat. 2002.)
Section Referred to in Other SectionsThis section is referred to in section 2213 of this title.
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