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2002 U.S. Code
Title 25 - INDIANS
CHAPTER 24 - INDIAN LAND CONSOLIDATION
Sec. 2215 - Acquisition Fund

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Metadata
Publication TitleUnited States Code, 2000 Edition, Supplement 2, Title 25 - INDIANS
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 25 - INDIANS
CHAPTER 24 - INDIAN LAND CONSOLIDATION
Sec. 2215 - Acquisition Fund
Containssection 2215
Date2002
Laws in Effect as of DateJanuary 6, 2003
Positive LawNo
Dispositionstandard
Source CreditPub. 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 Reference114 Stat. 2002
Public Law ReferencesPublic Law 97-459, Public Law 106-462

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§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 general

Subject 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 proceeds

With 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 Sections

This section is referred to in section 2213 of this title.

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