§ 1541. — Competent management and technical assistance for economic enterprises.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1541]
TITLE 25--INDIANS
CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN
ORGANIZATIONS
SUBCHAPTER V--MISCELLANEOUS PROVISIONS
Sec. 1541. Competent management and technical assistance for
economic enterprises
Prior to and concurrent with the making or guaranteeing of any loan
under subchapters I and II of this chapter and with the making of a
grant under subchapter IV of this chapter, the purpose of which is to
fund the development of an economic enterprise, the Secretary shall
insure that the loan or grant applicant shall be provided competent
management and technical assistance for preparation of the application
and/or administration of funds granted consistent with the nature of the
enterprise proposed to be or in fact funded.
(Pub. L. 93-262, title V, Sec. 501, Apr. 12, 1974, 88 Stat. 83; Pub. L.
98-449, Sec. 12, Oct. 4, 1984, 98 Stat. 1726.)
Amendments
1984--Pub. L. 98-449 amended section generally, inserting ``Prior to
and'' and ``for preparation of the application and/or administration of
funds granted''.
Section Referred to in Other Sections
This section is referred to in section 1542 of this title.
