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25 U.S.C. § 5113 — Revolving fund; appropriation for loans
Federal law — U.S. Code and appendices · legal_authorities
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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Source file: Laws/federal/codes/united-states-code/title-25/section-5113-revolving-fund-appropriation-for-loans--4dc2339d75.md
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Source location: Title 25, Chapter 45, § 5113; chapter-045-protection-of-indians-and-conservation-of-resources.md
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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
### Statutory Notes
#### Codification
Section 470 was editorially reclassified as [section 5113 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section5113&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 470
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Federal law — U.S. Code and appendices · legal_authorities
It is hereby declared to be the policy of Congress to provide capital on a reimbursable basis to help develop and utilize Indian resources, both physical and human, to a point where the Indians will fully exercise responsibility for the utilization and management of their own resources and where they will enjoy a standard of living from their own productive efforts comparable to that enjoyed by non-Indians in neighboring communities.
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 1461
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Federal law — U.S. Code and appendices · legal_authorities
Any moneys received on and after May 24, 1950, in settlement of such debts or from the sale of livestock so repaid to the United States shall be deposited in the revolving fund established pursuant to the Acts of June 18, 1934 (48 Stat. 984) [[25 U.S.C. 5101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section5101&num=0&edition=prelim) et seq.], and June 26, 1936 (49 Stat. 1967), as amended and supplemented.
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 1453
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Federal law — U.S. Code and appendices · legal_authorities
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&
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 1464
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Federal law — U.S. Code and appendices · legal_authorities
Interest or other charges heretofore or hereafter collected on loans shall be credited to the revolving fund created by [section 5113 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section5113&num=0&edition=prelim) and shall be available for the establishment of a revolving fund for the purpose of making and administering loans to Indian-chartered corporations in accordance with 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.], and of making and administering loans to individual Indians and to associations or corporate groups of Indians of Oklahoma in accordance with the Act of June 26, 1936 (49 Stat. 1967).
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 5114
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary of the Interior, or his designated representative, is authorized, under such regulations as the Secretary may prescribe, to make loans from the revolving fund established pursuant to the Acts of June 18, 1934 (48 Stat. 984) [[25 U.S.C. 5101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section5101&num=0&edition=prelim) et seq.], and June 26, 1936 (49 Stat. 1967), to tribes, bands, groups, and individual Indians, not otherwise eligible for loans under said Acts: Provided, That no portion of these funds shall be loaned to Indians of less than one-quarter Indian blood.
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 5133
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Federal law — U.S. Code and appendices · legal_authorities
Page 695
TITLE 25—INDIANS
§ 5116
priated, such sums as may be necessary, but not
to exceed $250,000 in any fiscal year, to be ex-
pended at the order of the Secretary of the Inte-
rior, in defraying the expenses of organizing In-
dian chartered corporations or other organiza-
tions created under this Act.
(June 18, 1934, ch. 576, § 9, 48 Stat. 986.)
Editorial Notes
REFERENCES IN TEXT
This Act, referred to in text, is act June 18, 1934, ch.
576, 48 Stat. 984, popularly known as the Indian Reorga-
nization Act, which is classified generally to this chap-
ter. For complete classification of this Act to the Code,
see Short Title note set out under section 5101 of this
title and Tables.
CODIFICATION
Section was formerly classified to section 469 of this
title prior to editorial reclassification and renumbering
as this section.
§ 5113. Revolving fund; appropriation for loans
There is authorized to be appropriated, out of
any funds in the Treasury not otherwise appro-
priated, 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 pro-
moting the economic development of such tribes
and of their members, and may defray the ex-
penses 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.
(June 18, 1934, ch. 576, § 10, 48 Stat. 986; Pub. L.
86–533, § 1(16), June 29, 1960, 74 Stat. 248; Pub. L.
87–250, Sept. 15, 1961, 75 Stat. 520.)
Editorial Notes
CODIFICATION
Section was formerly classified to section 470 of this
title prior to editorial reclas
Source: Supplied 2024 U.S. Code historical extraction · 25 U.S.C. § 5113
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.