25 U.S.C. § 5114 — Interest charges covered into revolving

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 reclassification and renumbering as this section. AMENDMENTS 1961—Pub. L. 87–250 substituted ‘‘$20,000,000’’ for ‘‘$10,000,000’’. 1960—Pub. L. 86–533 repealed provisions which re- quired a report to be made annually to the Congress of transactions under the authorization. Statutory Notes and Related Subsidiaries ADMINISTRATION OF FUND Funds from diverse sources to be administered as a single Indian Revolving Loan Fund after Apr. 12, 1974, see section 1461 of this title. § 5114. Interest charges covered into revolving fund Interest or other charges heretofore or here- after collected on loans shall be credited to the revolving fund created by section 5113 of this title and shall be available for the establishment of a revolving fund for the purpose of making and administering loans to Indian-chartered cor- porations in accordance with the Act of June 18, 1934 (48 Stat. 986) [25 U.S.C. 5101 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). (June 28, 1941, ch. 259, § 1, 55 Stat. 316.) Editorial Notes REFERENCES IN TEXT Act of June 18, 1934, referred to in text, is act June 18, 1934, ch. 576, 48 Stat. 984, popularly known as the In- dian Reorganization Act, which is classified generally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5101 of this title and Tables. Act of June 26, 1936, referred to in text, is act June 26, 1936, ch. 831, 49 Stat. 1967, popularly known as the Oklahoma Welfare Act, which was classified generally to subchapter VIII (§ 501 et seq.) of chapter 14 of this title prior to editorial reclassification as chapter 45A (§ 5201 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 5201 of this title and Tables. Provisions of the Act relating to the revolving fund appear in section 5206 of this title. CODIFICATION Section was formerly classified to section 470a of this title prior to editorial reclassification and renumbering as this section. § 5115. Vocational and trade schools; appropria- tion for tuition There is authorized to be appropriated, out of any funds in the United States Treasury not otherwise appropriated, a sum not to exceed $250,000 annually, together with any unexpended balances of previous appropriations made pursu- ant to this section, for loans to Indians for the payment of tuition and other expenses in recog- nized vocational and trade schools: Provided, That not more than $50,000 of such sum shall be available for loans to Indian students in high schools and colleges. Such loans shall be reim- bursable under rules established by the Commis- sioner of Indian Affairs. (June 18, 1934, ch. 576, § 11, 48 Stat. 986.) Editorial Notes CODIFICATION Section was formerly classified to section 471 of this title prior to editorial reclassification and renumbering as this section. 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 Appendix to Title 5, Government Organization and Employees. § 5116. Standards for Indians appointed to Indian Office The Secretary of the Interior is directed to es- tablish standards of health, age, character, expe- rience, knowledge, and ability for Indians who may be appointed, without regard to civil-serv-