Title 25 — Indians
Chapter 24 — Indian Land Consolidation
§ 2215. Acquisition Fund
Statutory text
In general
The Secretary shall establish an Acquisition Fund to—
disburse appropriations authorized to accomplish the purposes of section 2212 of this title; and
collect all revenues received from the lease, permit, or sale of resources from interests acquired under section 2212 of this title or paid by Indian landowners under section 2212 of this title.
Deposits; use
In general
All proceeds from leases, permits, or resource sales derived from an interest in trust or restricted lands described in subsection (a)(2) shall—
be deposited in the Acquisition Fund;
as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands; and
be used to acquire undivided interests on the reservation from which the income was derived.
Use of funds
The Secretary may use the revenue deposited in the Acquisition Fund under paragraph (1) to acquire some or all of the undivided interests in any parcels of land in accordance with section 2204 of this title.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 97–459 title II § 216 · 96 Stat. 2515
Enacted · 25 U.S.C. § 2215
Pub. L. 97–459, title II, § 216, as added Pub. L. 106–462, title I, § 103(6), Nov. 7, 2000, 114 Stat. 2002
Source evidence
Code source credit
Pub. L. 97–459, title II, § 216, as added Pub. L. 106–462, title I, § 103(6), Nov. 7, 2000, 114 Stat. 2002American Indian Probate Reform Act of 2004
Pub. L. 108–374 § 6(a)(8)(A) · 118 Stat. 1773
Added · 25 U.S.C. § 2215(a)(2)
Pub. L. 108–374, § 6(a)(8)(A), added par. (2)
Struck · 25 U.S.C. § 2215(a)(2)
Pub. L. 108–374, § 6(a)(8)(A), struck out former par. (2) which read as follows: “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.”
Source evidence
Code amendment note
Subsec. (a)(2). Pub. L. 108–374, § 6(a)(8)(A), added par. (2) and struck out former par. (2) which read as follows: “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.”Enacted provision · exact public law section
(A) in subsection (a), by striking paragraph (2) and inserting the following: “(2) collect all revenues received from the lease, permit, or sale of resources from interests acquired under section 213 or paid by Indian landowners under section 213.” ; andAmerican Indian Probate Reform Act of 2004
Pub. L. 108–374 § 6(a)(8)(B)(i) · 118 Stat. 1773
Substituted · 25 U.S.C. § 2215(b)(1)
Pub. L. 108–374, § 6(a)(8)(B)(i), substituted “All” for “Subject to paragraph (2), all” in introductory provisions
Added · 25 U.S.C. § 2215(b)(1)
Pub. L. 108–374, § 6(a)(8)(B)(i), added subpar. (C)
Source evidence
Code amendment note
Subsec. (b)(1). Pub. L. 108–374, § 6(a)(8)(B)(i), substituted “All” for “Subject to paragraph (2), all” in introductory provisions and added subpar. (C).Enacted provision · exact public law section
(i) in paragraph (1)— (I) in the matter preceding subparagraph (A), by striking “Subject to paragraph (2), all” and inserting “All”; (II) in subparagraph (A), by striking “and” at the end; (III) in subparagraph (B), by striking the period at the end and inserting “; and”; and (IV) by adding at the end the following: “(C) be used to acquire undivided interests on the reservation from which the income was derived.” ; andAmerican Indian Probate Reform Act of 2004
Pub. L. 108–374 § 6(a)(8)(B)(ii) · 118 Stat. 1773
Added · 25 U.S.C. § 2215(b)(2)
Pub. L. 108–374, § 6(a)(8)(B)(ii), added par. (2)
Struck · 25 U.S.C. § 2215(b)(2)
Pub. L. 108–374, § 6(a)(8)(B)(ii), struck out heading and text of former par. (2). Text read as follows: “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.”
Source evidence
Code amendment note
Subsec. (b)(2). Pub. L. 108–374, § 6(a)(8)(B)(ii), added par. (2) and struck out heading and text of former par. (2). Text read as follows: “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.”Enacted provision · exact public law section
(ii) by striking paragraph (2) and inserting the following: “(2) Use of funds.— The Secretary may use the revenue deposited in the Acquisition Fund under paragraph (1) to acquire some or all of the undivided interests in any parcels of land in accordance with section 205.” ;
6 of 7 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments
2004—Subsec. (a)(2). Pub. L. 108–374, § 6(a)(8)(A), added par. (2) and struck out former par. (2) which read as follows: “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.”
Subsec. (b)(1). Pub. L. 108–374, § 6(a)(8)(B)(i), substituted “All” for “Subject to paragraph (2), all” in introductory provisions and added subpar. (C).
Subsec. (b)(2). Pub. L. 108–374, § 6(a)(8)(B)(ii), added par. (2) and struck out heading and text of former par. (2). Text read as follows: “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.”
Credits
2000–2004 · 2 acts
- 2000Pub. L. 97–459, title II, § 216, as added Pub. L. 106–462, title I, § 103(6), , 114 Stat. 2002
- 2004amended Pub. L. 108–374, § 6(a)(8), , 118 Stat. 1802.
Show as published
(Pub. L. 97–459, title II, § 216, as added Pub. L. 106–462, title I, § 103(6), , 114 Stat. 2002; amended Pub. L. 108–374, § 6(a)(8), , 118 Stat. 1802.)