§ 2510. — Regulations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC2510]
TITLE 25--INDIANS
CHAPTER 27--TRIBALLY CONTROLLED SCHOOL GRANTS
Sec. 2510. The tribally controlled grant school endowment
program
(a) In general
(1) Establishment
Each school receiving a grant under this chapter may establish,
at a federally insured financial institution, a trust fund for the
purposes of this section.
(2) Deposits and use
The school may provide--
(A) for deposit into the trust fund, only funds from non-
Federal sources, except that the interest on funds received from
grants provided under this chapter may be used for that purpose;
(B) for deposit into the trust fund, any earnings on funds
deposited in the fund; and
(C) for the sole use of the school any noncash, in-kind
contributions of real or personal property, which may at any
time be used, sold, or otherwise disposed of.
(b) Interest
Interest from the fund established under subsection (a) of this
section may periodically be withdrawn and used, at the discretion of the
school, to defray any expenses associated with the operation of the
school consistent with the purposes of this Act.\1\
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\1\ See References in Text note below.
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(Pub. L. 100-297, title V, Sec. 5211, as added Pub. L. 107-110, title X,
Sec. 1043, Jan. 8, 2002, 115 Stat. 2078.)
References in Text
This Act, referred to in subsec. (b), is Pub. L. 100-297 and
probably should be ``this part'', meaning part B of title V of Pub. L.
100-297, known as the Tribally Controlled Schools Act of 1988, which is
classified generally to this chapter. For complete classification of
part B to the Code, see Short Title note set out under section 2501 of
this title and Tables.
Prior Provisions
A prior section 2510, Pub. L. 100-297, title V, Sec. 5211, Apr. 28,
1988, 102 Stat. 394, related to regulations, prior to repeal by Pub. L.
107-110, title X, Sec. 1043, Jan. 8, 2002, 115 Stat. 2063. See section
2509 of this title.
Effective Date
Section effective Jan. 8, 2002, except with respect to certain
noncompetitive programs and competitive programs, see section 5 of Pub.
L. 107-110, set out as a note under section 6301 of Title 20, Education.
Section Referred to in Other Sections
This section is referred to in section 2017 of this title.
