§ 2215. — Acquisition Fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC2215]
TITLE 25--INDIANS
CHAPTER 24--INDIAN LAND CONSOLIDATION
Sec. 2215. Acquisition Fund
(a) In general
The Secretary shall establish an Acquisition Fund to--
(1) disburse appropriations authorized to accomplish the
purposes of section 2212 of this title; and
(2) collect all revenues received from the lease, permit, or
sale of resources from interests in trust or restricted lands
transferred to Indian tribes by the Secretary under section 2212 of
this title or paid by Indian landowners under section 2212(c) of
this title.
(b) Deposits; use
(1) In general
Subject to paragraph (2), all proceeds from leases, permits, or
resource sales derived from an interest in trust or restricted lands
described in subsection (a)(2) of this section shall--
(A) be deposited in the Acquisition Fund; and
(B) as specified in advance in appropriations Acts, be
available for the purpose of acquiring additional fractional
interests in trust or restricted lands.
(2) Maximum deposits of proceeds
With respect to the deposit of proceeds derived from an interest
under paragraph (1), the aggregate amount deposited under that
paragraph shall not exceed the purchase price of that interest under
section 2212 of this title.
(Pub. L. 97-459, title II, Sec. 216, as added Pub. L. 106-462, title I,
Sec. 103(6), Nov. 7, 2000, 114 Stat. 2002.)
Section Referred to in Other Sections
This section is referred to in section 2213 of this title.
