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25 U.S.C. § 161b — “Indian Money, Proceeds of Labor” fund; separate accounts for respective tribes; rate of interest
Federal law — U.S. Code and appendices · legal_authorities
All tribal funds arising under [section 155 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section155&num=0&edition=prelim) on June 13, 1930, included in the fund “Indian Money, Proceeds of Labor”, shall, on and after July 1, 1930, be carried on the books of the Treasury Department in separate accounts for the respective tribes, and all such funds with account balances exceeding $500 shall bear simple interest at the rate of 4 per centum per annum from July 1, 1930.
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Source file: Laws/federal/codes/united-states-code/title-25/section-161b-indian-money-proceeds-of-labor-fund-separate-accounts-for-respective-tri--6811daec2e.md
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Source location: Title 25, Chapter 4, § 161b; chapter-004-performance-by-united-states-of-obligations-to-indians.md
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All tribal funds arising under [section 155 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section155&num=0&edition=prelim) on June 13, 1930, included in the fund “Indian Money, Proceeds of Labor”, shall, on and after July 1, 1930, be carried on the books of the Treasury Department in separate accounts for the respective tribes, and all such funds with account balances exceeding $500 shall bear simple interest at the rate of 4 per centum per annum from July 1, 1930.
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Federal law — U.S. Code and appendices · legal_authorities
All miscellaneous revenues derived from Indian reservations, agencies, and schools, except those of the Five Civilized Tribes and not the result of the labor of any member of such tribe, which are not required by existing law to be otherwise disposed of, shall be covered into the Treasury of the United States under the caption “Indian moneys, proceeds of labor”, and are made available for expenditure, in the discretion of the Secretary of the Interior, for the benefit of the Indian tribes, agencies, and schools on whose behalf they are collected, subject, however, to the limitations as to tribal funds, imposed by sections 123 and 142 11 See References in Text note below. of this title.
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Federal law — U.S. Code and appendices · legal_authorities
Page 45
TITLE 25—INDIANS
§ 162a
tain exceptions, to Secretary of the Treasury, with
power to delegate, see Reorg. Plan No. 26 of 1950, §§ 1, 2,
eff. July 31, 1950, 15 F.R. 4935, 64 Stat. 1280, set out in
the Appendix to Title 5, Government Organization and
Employees.
§ 161b. ‘‘Indian Money, Proceeds of Labor’’ fund;
separate accounts for respective tribes; rate
of interest
All tribal funds arising under section 155 of
this title on June 13, 1930, included in the fund
‘‘Indian Money, Proceeds of Labor’’, shall, on
and after July 1, 1930, be carried on the books of
the Treasury Department in separate accounts
for the respective tribes, and all such funds with
account balances exceeding $500 shall bear sim-
ple interest at the rate of 4 per centum per
annum from July 1, 1930.
(Feb. 12, 1929, ch. 178, § 2, as added June 13, 1930,
ch. 483, 46 Stat. 584.)
§ 161c. Surplus above requirements of fund;
transfer to surplus fund of Treasury; re-
transfer
The amount held in any tribal fund account
which, in the judgment of the Secretary of the
Interior, is not required for the purpose for
which the fund was created, shall be covered
into the surplus fund of the Treasury; and so
much thereof as is found to be necessary for
such purpose may at any time thereafter be re-
stored to the account on books of the Treasury
without appropriation by Congress.
(Feb. 12, 1929, ch. 178, § 3, as added June 13, 1930,
ch. 483, 46 Stat. 584.)
Executive Documents
TRANSFER OF FUNCTIONS
For transfer of functions of other officers, employees,
and agencies of Department of the Interior, with cer-
tain exceptions, to Secretary of the Interior, with
power to delegate, see Reorg. Plan No. 3 of 1950, §§ 1, 2,
eff. May 24, 1950, 15 F.R. 3174, 64 Stat. 1262, set out in
the Ap
Source: Supplied 2024 U.S. Code historical extraction · 25 U.S.C. § 161b
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