§ 161b. — "Indian Money, Proceeds of Labor" fund; separate accounts for respective tribes; rate of interest.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC161b]
TITLE 25--INDIANS
CHAPTER 4--PERFORMANCE BY UNITED STATES OF OBLIGATIONS TO INDIANS
SUBCHAPTER III--DEPOSIT, CARE, AND INVESTMENT OF INDIAN MONEYS
Sec. 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 simple interest at
the rate of 4 per centum per annum from July 1, 1930.
(Feb. 12, 1929, ch. 178, Sec. 2, as added June 13, 1930, ch. 483, 46
Stat. 584.)
Section Referred to in Other Sections
This section is referred to in sections 161d, 672 of this title.
