2013 US Code
Title 25 - Indians
Chapter 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS (§§ 1451 - 1544)
Subchapter I - INDIAN REVOLVING LOAN FUND (§§ 1461 - 1469)
Section 1462 - Economic development; educational loans; limitation of loans to or investments in non-Indian organizations
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 25 - INDIANS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | 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 |
| Contains | section 1462 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 93-262, title I, §102, Apr. 12, 1974, 88 Stat. 78. |
| Statutes at Large Reference | 88 Stat. 78 |
| Public Law Reference | Public Law 93-262 |
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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.)
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