§ 634. — Loans to Tribes or individual members; loan 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: 25USC634]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER XXI--NAVAJO AND HOPI TRIBES: REHABILITATION
Sec. 634. Loans to Tribes or individual members; loan fund
The Secretary of the Interior is authorized, under such regulations
as he may prescribe, to make loans from the loan fund authorized by
section 631 of this title to the Navajo Tribe, or any member or
association of members thereof, or to the Hopi Tribe, or any member of
association of members thereof, for such productive purposes as, in his
judgment, will tend to promote the better utilization of the manpower
and resources of the Navajo or Hopi Indians. Sums collected in repayment
of such loans and sums collected as interest or other charges thereon
shall be credited to the loan fund, and shall be available for the
purpose for which the fund was established.
(Apr. 19, 1950, ch. 92, Sec. 4, 64 Stat. 45.)
Indian Revolving Loan Fund
Certain funds to be administered as a single Indian Revolving Loan
Fund after Apr. 12, 1974, see section 1461 of this title.
Section Referred to in Other Sections
This section is referred to in section 1461 of this title.
