Title 25 — Indians
Chapter 46 — Indian Self-Determination and Education Assistance
§ 5310. Investment of advance payments; restrictions
Statutory text
Advance payments made by the Department of the Interior to Indian tribes, tribal organizations, and tribal consortia pursuant to the Indian Self-Determination and Education Assistance Act (25 U.S.C. 450 et seq.) 1 or the Tribally Controlled Schools Act of 1988 (25 U.S.C. 2501 et seq.) may on and after , be invested by the Indian tribe, tribal organization, or consortium before such funds are expended for the purposes of the grant, compact, or annual funding agreement so long as such funds are—
invested by the Indian tribe, tribal organization, or consortium only in obligations of the United States, or in obligations or securities that are guaranteed or insured by the United States, or mutual (or other) funds registered with the Securities and Exchange Commission and which only invest in obligations of the United States or securities that are guaranteed or insured by the United States; or
deposited only into accounts that are insured by an agency or instrumentality of the United States, or are fully collateralized to ensure protection of the funds, even in the event of a bank failure.
Footnotes
- 1 See References in Text note below.
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.
Department of Justice Appropriations Act, 2005
Pub. L. 108–447 div. E title I § 111 · 118 Stat. 2809
Enacted · 25 U.S.C. § 5310
(Pub. L. 108–447, div. E, title I, § 111, Dec. 8, 2004, 118 Stat. 3064.)
Source evidence
Code source credit
(Pub. L. 108–447, div. E, title I, § 111, Dec. 8, 2004, 118 Stat. 3064.)Enacted provision · exact public law section
Sec. 111. The limitation established in the preceding section shall not apply to any new drug application or abbreviated new drug application for which the Drug Enforcement Administration has reviewed and provided public comments on labeling, promotion, risk management plans, and any other documents.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The Indian Self-Determination and Education Assistance Act (25 U.S.C. 450 et seq.), referred to in text, is Pub. L. 93–638, , 88 Stat. 2203, which was classified principally to subchapter II (§ 450 et seq.) of chapter 14 of this title prior to editorial reclassification as this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5301 of this title and Tables.
The Tribally Controlled Schools Act of 1988, referred to in text, is part B (§§ 5201–5212) of title V of Pub. L. 100–297, , 102 Stat. 385, which is classified generally to chapter 27 (§ 2501 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 2501 of this title and Tables.
Codification
Section was enacted as part of the Department of the Interior and Related Agencies Appropriations Act, 2005, and also as part of the Consolidated Appropriations Act, 2005, and not as part of the Indian Self-Determination and Education Assistance Act which comprises this chapter.
Section was formerly classified to section 450e–3 of this title prior to editorial reclassification and renumbering as this section.
Prior Provisions
Provisions similar to those in this section were contained in the following prior appropriation acts:
Pub. L. 108–108, title I, § 111, , 117 Stat. 1266.
Pub. L. 108–7, div. F, title I, § 111, , 117 Stat. 239.
Pub. L. 107–63, title I, § 111, , 115 Stat. 438.
Pub. L. 106–291, title I, § 111, , 114 Stat. 942.
Pub. L. 106–113, div. B, § 1000(a)(3), [title I, § 111], , 113 Stat. 1535, 1501A–156.
Pub. L. 105–277, div. A, § 101(e), [title I, § 111], , 112 Stat. 2681–231, 2681–254.
Credits
(Pub. L. 108–447, div. E, title I, § 111, , 118 Stat. 3064.)