§ 553. — Deposit and expenditure of payments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC553]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER XI--KLAMATH TRIBE: PAYMENTS IN LIEU OF ALLOTMENTS;
INHERITANCE OF RESTRICTED PROPERTY
Sec. 553. Deposit and expenditure of payments
The payments herein authorized shall be deposited to the credit of
the individual Indian money accounts of such Indians subject to
expenditure by such Indians, under such rules and regulations as the
Secretary of the Interior may prescribe for (1) industrial and
agricultural assistance, and the construction and improvement of homes,
including the purchase of land and interests in land, building material,
farming equipment, industrial equipment, trucks, livestock, feed, food,
seed, tools, machinery, implements, household goods, bedding, clothing,
and any other equipment or supplies necessary to enable the Indians to
fit themselves for or to engage in the farming, livestock industry, or
such other industrial or agricultural pursuits or avocations as will
enable them to become self-supporting; (2) the educational advancement
of such Indians; (3) financial assistance in cases of illness, death, or
other emergency; (4) the repayment of reimbursable debts previously
contracted; or (5) security for or the repayment of loans made to such
Indians from any Klamath revolving loan fund now existent or which shall
hereafter be created.
(June 1, 1938, ch. 310, Sec. 3, 52 Stat. 605.)
References in Text
Herein, referred to in text, means act June 1, 1938, which comprises
this subchapter. For complete classification of this Act to the Code,
see Tables.
