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25 U.S.C. § 1464 — Administration as single Indian Revolving Loan Fund sums from diverse sources; availability of fund for loans to Indians and for administrative expenses

Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1464 — Administration as single Indian Revolving Loan Fund sums from diverse sources; availability of fund for loans to Indians and for administrative expenses

In order to provide credit that is not available from private money markets, or to supplement funds from private lenders, including loans guaranteed by the Secretary pursuant to [section 1481 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section1481&num=0&edition=prelim), all funds that are now or hereafter a part of the revolving fund authorized by the Act of June 18, 1934 (48 Stat. 986) [[25 U.S.C. 5101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section5101&num=0&edition=prelim) et seq.], the Act of June 26, 1936 (49 Stat. 1968),11 So in original. Probably should be “(49 Stat. 1967),”. and the Act of April 19, 1950 (64 Stat. 44), as amended and supplemented, including sums received in settlement of debts of livestock pursuant to sections 1545 and 1546 of this title, and sums collected in repayment of loans heretofore or hereafter made, and as interest or other charges on loans, shall hereafter be administered as a single Indian Revolving Loan Fund. The fund shall be available for loans to Indians having a form of organization that is satisfactory to the Secretary and for loans to individual Indians: Provided, That, where the Secretary determines a rejection of a loan application from a member of an organization making loans to its membership from moneys borrowed from the fund is unwarranted, he may, in his discretion, make a direct loan to such individual from the fund. The fund shall also be available for administrative expenses incurred in connection therewith, or, in the discretion of the Secretary of the Interior, as a contribution to the Indian Loan Guaranty and Insurance Fund authorized by [section 1497 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section1497&

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Source location: Title 25, Chapter 17, § 1464; chapter-017-financing-economic-development-of-indians-and-indian-organizations.md

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1497 — Evidence of eligibility of loan for and amount of guaranty or insurance; defenses and partial defenses against original lender

Any evidence of guaranty or insurance issued by the Secretary shall be conclusive evidence of the eligibility of the loan for guaranty or insurance under the provisions of this chapter and the amount of such guaranty or insurance: Provided, That nothing in this section shall preclude the Secretary from establishing, as against the original lender, defenses based on fraud or material misrepresentation or bar him from establishing, by regulations in force at the date of such issuance or disbursement, whichever is the earlier, partial defenses to the amount payable on the guaranty or insurance.

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 5201 — Acquisition of agricultural and grazing lands for Indians; title to lands; tax exemption

The Secretary of the Interior is authorized, in his discretion, to acquire by purchase, relinquishment, gift, exchange, or assignment, any interest in lands, water rights, or surface rights to lands, within or without existing Indian reservations, including trust or otherwise restricted lands now in Indian ownership: Provided, That such lands shall be agricultural and grazing lands of good character and quality in proportion to the respective needs of the particular Indian or Indians for whom such purchases are made. Title to all lands so acquired shall be taken in the name of the United States, in trust for the tribe, band, group, or individual Indian for whose benefit such land is so acquired, and while the title thereto is held by the United States said lands shall be free from any and all taxes, save that the State of Oklahoma is authorized to levy and collect a gross-production tax, not in excess of the rate applied to production from lands in private ownership, upon all oil and gas produced from said lands, which said tax the Secretary of the Interior is authorized and directed to cause to be paid.

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 5206 — Loans to individuals and groups; appropriation

The Secretary is authorized to make loans to individual Indians and to associations or corporate groups organized pursuant to this chapter. For the making of such loans and for expenses of the cooperative associations organized pursuant to this chapter there shall be appropriated, out of the Treasury of the United States, the sum of $2,000,000.

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 5101 — Allotment of land on Indian reservations

On and after June 18, 1934, no land of any Indian reservation, created or set apart by treaty or agreement with the Indians, Act of Congress, Executive order, purchase, or otherwise, shall be allotted in severalty to any Indian.

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1511 — Supplemental surety bond guarantee

**(a) Amount; eligibility** The Secretary is authorized to provide a supplemental surety bond guarantee, not to exceed 20 percent of any loss, for any Indian individual or economic enterprise eligible for a surety guarantee under [section 694b of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section694b&num=0&edition=prelim), so that the aggregate of the two guarantees is 100 percent. **(b) Conditions** The Secretary may provide a supplemental guarantee under this section only if the Secretary determines that— (1) the Indian individual or economic enterprise has secured or will likely secure a surety bond guarantee under [section 694b of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section694b&num=0&edition=prelim); (2) the supplemental guarantee is necessary for the Indian individual or economic enterprise to secure a surety bond; (3) no more than 25 percent of the surety’s business is comprised of bonds guaranteed pursuant to this section; and (4) the surety will provide appropriate technical assistance and advice to, and monitor the performance of, the Indian individual or economic enterprise for the prevention or mitigation of a loss. **(c) Fees and charges** The rules and regulations promulgated by the Secretary to carry out this section shall include the setting of reasonable fees to be paid by the Indian individual or economic enterprise and reasonable premium charges to be paid by sureties. In setting fees and charges, the Secretary may take into consideration the cost to the surety of providing the services required by paragraph (4) of subsection (b). The receipts from the fees and charges shall be deposited in the Fund established by [section 1497(a) of this title](https://uscode.house.go

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1481 — Security for loan; assignment of securities; reasonable assurance of repayment

Any organization receiving a loan from the revolving loan fund shall be required to assign to the United States as security for the loan all securities acquired in connection with the loans made to its members from such funds unless the Secretary determines that the repayment of the loan to the United States is otherwise reasonably assured.

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 5113 — Revolving fund; appropriation for loans

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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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1522 — Interest subsidies; rules and regulations

The Secretary is authorized under such rules and regulations as he may prescribe to pay as an interest subsidy on loans which are guaranteed or insured under the provisions of subchapter II of this chapter amounts which are necessary to reduce the rate payable by the borrower to the rate determined under [section 1464 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section1464&num=0&edition=prelim).

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1464 — Maturity of loans; interest rate; interest

Page 230 TITLE 25—INDIANS § 1461 1 So in original. Probably should be ‘‘(49 Stat. 1967),’’. zation, or individual because of their eligibility for assistance under this chapter. (Pub. L. 93–262, § 4, Apr. 12, 1974, 88 Stat. 77.) SUBCHAPTER I—INDIAN REVOLVING LOAN FUND § 1461. Administration as single Indian Revolving Loan Fund sums from diverse sources; avail- ability of fund for loans to Indians and for administrative expenses In order to provide credit that is not available from private money markets, or to supplement funds from private lenders, including loans guar- anteed by the Secretary pursuant to section 1481 of this title, all funds that are now or hereafter a part of the revolving fund authorized by the Act of June 18, 1934 (48 Stat. 986) [25 U.S.C. 5101 et seq.], the Act of June 26, 1936 (49 Stat. 1968),1 and the Act of April 19, 1950 (64 Stat. 44), as amended and supplemented, including sums re- ceived in settlement of debts of livestock pursu- ant to sections 1545 and 1546 of this title, and sums collected in repayment of loans heretofore or hereafter made, and as interest or other charges on loans, shall hereafter be adminis- tered as a single Indian Revolving Loan Fund. The fund shall be available for loans to Indians having a form of organization that is satisfac- tory to the Secretary and for loans to individual Indians: Provided, That, where the Secretary de- termines a rejection of a loan application from a member of an organization making loans to its membership from moneys borrowed from the fund is unwarranted, he may, in his discretion, make a direct loan to such individual from the fund. The fund shall also be available for admin- istrative expenses incurred in connection there- with, or, in the discretion of the Secreta

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 5101 — Allotment of land on Indian reservations

Page 691 TITLE 25—INDIANS § 5103 Sec. 5116. Standards for Indians appointed to In- dian Office. 5117. Indian preference laws applicable to Bu- reau of Indian Affairs and Indian Health Service positions. 5118. Application generally. 5119. Application to Alaska. 5120. Continuation of allowances. 5121. Claims or suits of Indian tribes against United States; rights unimpaired. 5122. Offsets of gratuities. 5123. Organization of Indian tribes; constitu- tion and bylaws and amendment there- of; special election. 5124. Incorporation of Indian tribes; charter; ratification by election. 5125. Acceptance optional. 5126. Mandatory application of sections 5102 and 5124. 5127. Procedure. 5128. Application of laws and treaties. 5129. Definitions. 5130. Definitions. 5131. Publication of list of recognized tribes. 5132. Indians eligible for loans. 5133. Revolving fund; loans; regulations. 5134. Sale of land by individual Indian owners. 5135. Mortgages and deeds of trust by indi- vidual Indian owners; removal from trust or restricted status; application to Secretary. 5136. Loans to purchasers of highly fractioned land. 5137. Removal of duplicative appraisals. 5138. Title in trust to United States. 5139. Tribal rights and privileges in connec- tion with loans. 5140. Mortgaged property governed by State law. 5141. Interest rates and taxes. 5142. Reduction of unpaid principal. 5143. Authorization of appropriations. 5144. Certification of rental proceeds. § 5101. Allotment of land on Indian reservations On and after June 18, 1934, no land of any In- dian reservation, created or set apart by treaty or agreement with the Indians, Act of Congress, Executive order, purchase, or otherwise, shall be allotted in severalty to any

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