§ 286.4. Eligible economic enterprises.
60 words·~1 min read·
/us/cfr/t25/s§ 286.4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An economic enterprise as defined in § 286.1(k) is eligible to receive equity capital through non-reimbursable grants if it is or will be self-sustaining and profit-oriented and will create employment for Indians. In the case of Indian-owned cooperative associations, they must distribute or allocate profits for later distribution, to members who are patrons, unless prohibited from doing so by law.