2019 US Code
Title 25 - Indians
Chapter 45 - Protection of Indians and Conservation of Resources
Sec. 5113 - Revolving fund; appropriation for loans
| 25 U.S.C. § 5113 (2019) |
| §5113. Revolving fund; appropriation for loans |
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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. |
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(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.) |
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CODIFICATION
Section was formerly classified to section 470 of this title prior to editorial reclassification and renumbering as this section. AMENDMENTS1961—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 L. 86–533 repealed provisions which required a report to be made annually to the Congress of transactions under the authorization. ADMINISTRATION OF FUNDFunds from diverse sources to be administered as a single Indian Revolving Loan Fund after Apr. 12, 1974, see section 1461 of this title. |
| United States Code, 2018 Edition, Supplement 1, Title 25 - INDIANS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 25 - INDIANS CHAPTER 45 - PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES Sec. 5113 - Revolving fund; appropriation for loans |
| section 5113 |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 48 Stat. 986 74 Stat. 248 75 Stat. 520 |
| Public Law 86-533, Public Law 87-250 |
