Chapter 178. To authorize the payment of interest on certain funds held in trust by the United States for Indian tribes
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Chap. 178: To authorize the payment of interest on certain funds held in trust by the United States for Indian tribes. Chapter 178 45 Stat. 1164 1929-02-12 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-24 70 2 public Chapter 178.— An Act To authorize the payment of interest on certain funds held in trust by the United States for Indian tribes.
February 12, 1929.[[S. 5180](/us/bill/70/s/5180).][[Public, No. 724](/us/pl/70/724).] *Be it. enacted by the Senate and. House of Representatives of the United States of America in Congress assembled*, Indian trust funds.Interest rate on, established. That all money in excess of $500 held by the United States in a trust fund account, and carried on the books of the Treasury Department to the credit of an Indian tribe, if the payment of interest thereon is not otherwise authorized by law, shall bear simple interest at the rate of 4 per centum per annum from the date of the passage of this Act.
Amount not required for payments covered into the Treasury.The amount held in any such trust fund account, which in the judgment of the Secretary of the Interior may not be required for payment in accordance with law, shall be covered into the surplus fund of the Treasury; but so mueb thereof as may be necessary for making any such payment may, at any time thereafter, be restored to such account without reappropriation by Congress. Approved, February 12, 1929.
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Chapter 178
To authorize the payment of interest on certain funds held in trust by the United States for Indian tribes
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