§ 1835. — Allocation of funds.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1835]
TITLE 25--INDIANS
CHAPTER 20--TRIBALLY CONTROLLED COLLEGE OR UNIVERSITY ASSISTANCE
SUBCHAPTER II--TRIBALLY CONTROLLED COLLEGE OR UNIVERSITY ENDOWMENT
PROGRAM
Sec. 1835. Allocation of funds
(a) From the amount appropriated pursuant to section 1836 of this
title, the Secretary shall allocate to each tribally controlled college
or university which is eligible for an endowment grant under this
subchapter an amount for a Federal capital contribution equal to twice
the value of the property or the amount which such college or university
demonstrates has been placed within the control of, or irrevocably
committed to the use of, the college or university and is available for
deposit as a capital contribution of that college or university in
accordance with section 1832(b)(2)(B) of this title, except that the
maximum amount which may be so allocated to any such college or
university for any fiscal year shall not exceed $750,000.
(b) If for any fiscal year the amount appropriated pursuant to
section 1836 of this title is not sufficient to allocate to each
tribally controlled college or university an amount equal to twice the
value of the property or the amount demonstrated by such college or
university pursuant to subsection (a) of this section, then the amount
of the allocation to each such college or university shall be ratably
reduced.
(Pub. L. 95-471, title III, Sec. 305, as added Pub. L. 98-192, Sec. 13,
Dec. 1, 1983, 97 Stat. 1342; amended Pub. L. 101-477, Sec. 1(d)(1)(D),
(E), Oct. 30, 1990, 104 Stat. 1153; Pub. L. 105-244, title IX,
Sec. 901(b)(5), (7), (12), (14), Oct. 7, 1998, 112 Stat. 1828.)
Amendments
1998--Subsec. (a). Pub. L. 105-244 substituted ``controlled college
or university'' for ``controlled community college'', ``such college or
university'' for ``such college'' in two places, ``the college or
university'' for ``the college'', and ``that college or university'' for
``that college''.
Subsec. (b). Pub. L. 105-244, Sec. 901(b)(5), (7), substituted
``controlled college or university'' for ``controlled community
college'' and substituted ``such college or university'' for ``such
college'' in two places.
1990--Pub. L. 101-477 inserted ``twice the value of the property
or'' after ``equal to'' in subsecs. (a) and (b) and substituted
``$750,000'' for ``$350,000'' in subsec. (a).
Effective Date of 1998 Amendment
Amendment by Pub. L. 105-244 effective Oct. 1, 1998, except as
otherwise provided in Pub. L. 105-244, see section 3 of Pub. L. 105-244,
set out as a note under section 1001 of Title 20, Education.
Effective Date of 1990 Amendment
Amendment by Pub. L. 101-477 effective Oct. 1, 1991, see section
1(d)(2) of Pub. L. 101-477, set out as a note under section 1832 of this
title.
