§ 507. — Availability and allocation of funds; royalties from mineral deposits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC507]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER VIII--INDIANS IN OKLAHOMA: PROMOTION OF WELFARE
Sec. 507. Availability and allocation of funds; royalties from
mineral deposits
All funds appropriated under the several grants of authority
contained in the Act of June 18, 1934 (48 Stat. 984) [25 U.S.C. 461 et
seq.], are hereby made available for use under the provisions of this
subchapter, and Oklahoma Indians shall be accorded and allocated a fair
and just share of any and all funds appropriated after June 26, 1936,
under the authorization herein set forth: Provided, That any royalties,
bonuses, or other revenues derived from mineral deposits underlying
lands purchased in Oklahoma under the authority granted by this
subchapter, or by the Act of June 18, 1934, shall be deposited in the
Treasury of the United States, and such revenues are made available for
expenditure by the Secretary of the Interior for the acquisition of
lands and for loans to Indians in Oklahoma as authorized by this
subchapter and by the Act of June 18, 1934 (48 Stat. 984).
(June 26, 1936, ch. 831, Sec. 7, 49 Stat. 1968.)
References in Text
Act of June 18, 1934, referred to in text, popularly known as the
Indian Reorganization Act, is classified generally to subchapter V
(Sec. 461 et seq.) of this chapter. For complete classification of this
Act to the Code, see Short Title note set out under section 461 of this
title and Tables.
