§ 482. — Revolving fund; loans; 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: 25USC482]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER V--PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES
Sec. 482. Revolving fund; loans; regulations
The Secretary of the Interior, or his designated representative, is
authorized, under such regulations as the Secretary may prescribe, to
make loans from the revolving fund established pursuant to the Acts of
June 18, 1934 (48 Stat. 984) [25 U.S.C. 461 et seq.], and June 26, 1936
(49 Stat. 1967) [25 U.S.C. 501 et seq.], to tribes, bands, groups, and
individual Indians, not otherwise eligible for loans under said Acts:
Provided, That no portion of these funds shall be loaned to Indians of
less than one-quarter Indian blood.
(May 7, 1948, ch. 266, 62 Stat. 211.)
References in Text
Act of June 18, 1934, referred to in text, popularly known as the
Indian Reorganization Act, is classified generally to this subchapter.
Provisions of the Act establishing the revolving fund are set out in
section 470 of this title. For complete classification of this Act to
the Code, see Short Title note set out under section 461 of this title
and Tables.
Act of June 26, 1936, referred to in text, popularly known as the
Oklahoma Welfare Act, is classified generally to subchapter VIII
(Sec. 501 et seq.) of this chapter. Provisions of the Act relating to
the revolving fund appear in section 506 of this title. For complete
classification of this Act to the Code, see Short Title note set out
under section 501 of this title and Tables.
Funds in the revolving fund authorized by these Acts, and certain
other sums, to be administered after Apr. 12, 1974, as a single Indian
Revolving Loan Fund, see section 1461 of this title.
