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25 U.S.C. § 162 — Repealed. June 24, 1938, ch. 648, § 2, 52 Stat. 1037
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act May 25, 1918, ch. 86, § 28, 40 Stat. 591, related to segregation, deposit, and investment of tribal funds. See [section 162a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section162a&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-25/section-162-repealed-june-24-1938-ch-648-2-52-stat-1037--a44ba6ab70.md
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Source location: Title 25, Chapter 4, § 162; chapter-004-performance-by-united-states-of-obligations-to-indians.md
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### Statutory Notes
Section, act May 25, 1918, ch. 86, § 28, 40 Stat. 591, related to segregation, deposit, and investment of tribal funds. See [section 162a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section162a&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Deposit of tribal trust funds in banks** The Secretary of the Interior is hereby authorized in his discretion, and under such rules and regulations as he may prescribe, to withdraw from the United States Treasury and to deposit in banks to be selected by him the common or community funds of any Indian tribe which are, or may hereafter be, held in trust by the United States and on which the United States is not obligated by law to pay interest at higher rates than can be procured from the banks. The said Secretary is also authorized, under such rules and regulations as he may prescribe, to withdraw from the United States Treasury and to deposit in banks to be selected by him the funds held in trust by the United States for the benefit of individual Indians: Provided, That no individual Indian money shall be deposited in any bank until the bank shall have agreed to pay interest thereon at a reasonable rate, subject, however, to the regulations of the Board of Governors of the Federal Reserve System in the case of member banks, and of the Board of Directors of the Federal Deposit Insurance Corporation in the case of insured nonmember banks, except that the payment of interest may be waived in the discretion of the Secretary of the Interior on any deposit which is payable on demand: Provided further, That no tribal or individual Indian money shall be deposited in any bank until the bank shall have furnished an acceptable bond or pledged collateral security therefor in the form of any public-debt obligations of the United States and any bonds, notes, or other obligations which are unconditionally guaranteed as to both interest and principal by the United States, except that no such bond or collateral shall be required to be furnished by any such bank which is entitled
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 162a
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary of the Interior is authorized, wherever in his discretion such action would be for the best interest of the Indians, to cause a final roll to be made of the membership of any Indian tribe; such rolls shall contain the ages and quantum of Indian blood, and when approved by the said Secretary are declared to constitute the legal membership of the respective tribes for the purpose of segregating the tribal funds as provided in section 162 11 See References in Text note below. of this title, and shall be conclusive both as to ages and quantum of Indian blood: Provided, That the foregoing shall not apply to the Five Civilized Tribes or to the Osage Tribe of Indians, or to the Chippewa Indians of Minnesota, or the Menominee Indians of Wisconsin.
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 163
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** There is hereby established a separate fund in the Treasury of the United States to be known as the Lower Colorado River Basin Development Fund (hereafter called the “development fund”), which shall remain available until expended as hereafter provided.
**(b) Appropriations**
(1) All appropriations made for the purpose of carrying out the provisions of subchapter III of this chapter shall be credited to the development fund as advances from the general fund of the Treasury, and shall be available for such purpose.
(2) Except as provided in [section 1528(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section1528/b&num=0&edition=prelim), sums advanced by non-Federal entities for the purpose of carrying out the provisions of subchapter III of this chapter shall be credited to the development fund and shall be available without further appropriation for such purpose.
**(c) Revenues credited to fund** There shall also be credited to the development fund—
(1) all revenues collected in connection with the operation of facilities authorized in subchapter III in furtherance of the purposes of this chapter (except entrance, admission, and other recreation fees or charges and proceeds received from recreation concessionaires), until completion of repayment requirements of the Central Arizona project;
(2) any Federal revenues from the Boulder Canyon and Parker-Davis projects which, after completion of repayment requirements of the said Boulder Canyon and Parker-Davis projects, are surplus, as determined by the Secretary, to the operation, maintenance, and replacement requirements of those projects: Provided, however, That for the Boulder Canyon project commencing June 1, 1987, and for the Parker-Davis project comme
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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. § 162
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