Title 25 — Indians
Chapter 45 — Protection of Indians and Conservation of Resources
§ 5113. Revolving fund; appropriation for loans
Statutory text
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.
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. 73–576 § 10 · 48 Stat. 984
Enacted · 25 U.S.C. § 5113
June 18, 1934, ch. 576, § 10, 48 Stat. 986
Source evidence
Code source credit
June 18, 1934, ch. 576, § 10, 48 Stat. 986Enacted provision · exact public law section
Sec. 10. There is hereby authorized to lie appropriated, out of any funds in the Treasury not otherwise appropriated, the sum of $10,000,000 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 Repayments to be credited to revolving fund. Report to Congress. 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. A report shall be made annually to Congress of transactions under this authorization.Pub. L. 86–533 § 1(16) · 74 Stat. 245
Repealed · 25 U.S.C. § 5113
Pub. L. 86–533 repealed provisions which required a report to be made annually to the Congress of transactions under the authorization
Source evidence
Code amendment note
Pub. L. 86–533 repealed provisions which required a report to be made annually to the Congress of transactions under the authorization.Enacted provision · exact public law section
(1) Section 209 of the Revised Statutes (5 U.S.C. 164), relating to a certain statement of expenditures required to be made by the Secretary of State with respect to contingent expenses of certain activities abroad, which reads as follows: “Sec. 209. The annual statement of expenditures from the contingent State Department. Contingent expenses. fund required to be made by the Secretary of State, must include all the contingent expenses of foreign intercourse and of all the missions abroad, except such expenditures as are settled upon the certificate of the President.”.Pub. L. 87–250 · 75 Stat. 520
Substituted · 25 U.S.C. § 5113
Pub. L. 87–250 substituted “$20,000,000” for “$10,000,000”
Source evidence
Code amendment note
Pub. L. 87–250 substituted “$20,000,000” for “$10,000,000”.
2 of 3 references resolved to an enrolled provision · 1 partial
Editorial Notes
Codification
Section was formerly classified to section 470 of this title prior to editorial reclassification and renumbering as this section.
Amendments1960–1961 · 2 rounds
1961
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.
Statutory Notes and Related Subsidiaries
Administration of Fund
Funds from diverse sources to be administered as a single Indian Revolving Loan Fund after , see section 1461 of this title.
Credits
1934–1961 · 3 acts
- 1934June 18, 1934, ch. 576, § 10, 48 Stat. 986
- 1960Pub. L. 86–533, § 1(16), , 74 Stat. 248
- 1961Pub. L. 87–250, , 75 Stat. 520.
Show as published
(June 18, 1934, ch. 576, § 10, 48 Stat. 986; Pub. L. 86–533, § 1(16), , 74 Stat. 248; Pub. L. 87–250, , 75 Stat. 520.)