§ 1461. Administration as single Indian Revolving Loan Fund sums from diverse sources; availability of fund for loans to Indians and for administrative expenses
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In order to provide credit that is not available from private money markets, or to supplement funds from private lenders, including loans guaranteed by the Secretary pursuant to section 1481 of this title, all funds that are now or hereafter a part of the revolving fund authorized by the Act of June 18, 1934 (48 Stat. 986) [25 U.S.C. 5101 et seq.], the Act of June 26, 1936 (49 Stat. 1968),1 and the Act of April 19, 1950 (64 Stat. 44), as amended and supplemented, including sums received in settlement of debts of livestock pursuant to sections 1545 and 1546 of this title, and sums collected in repayment of loans heretofore or hereafter made, and as interest or other charges on loans, shall hereafter be administered as a single Indian Revolving Loan Fund.
The fund shall be available for loans to Indians having a form of organization that is satisfactory to the Secretary and for loans to individual Indians: Provided, That, where the Secretary determines a rejection of a loan application from a member of an organization making loans to its membership from moneys borrowed from the fund is unwarranted, he may, in his discretion, make a direct loan to such individual from the fund. The fund shall also be available for administrative expenses incurred in connection therewith, or, in the discretion of the Secretary of the Interior, as a contribution to the Indian Loan Guaranty and Insurance Fund authorized by section 1497 of this title, or for the payment of interest subsidies authorized by section 1511 of this title.
(Pub. L. 93–262, title I, § 101, Apr. 12, 1974, 88 Stat. 78; Pub. L. 98–449, § 2, Oct. 4, 1984, 98 Stat. 1725; Pub. L. 101–644, title III, § 303(a), Nov. 29, 1990, 104 Stat. 4667.)
Connections10 cite this · traces to 7
Cited by 10 sections · top 9
statutes-at-large
- Public Law 93–262
- Public Law 98–449To reauthorize and amend the Indian Financing Act
- Public Law 99–188
- Public Law 101–644To expand the powers of the Indian Arts and Crafts Board, and for other purposes
- Public Law 94–165Making appropriations for the Department of the Interior and related agencies for the fiscal year ending June 30, 1976, and the period ending September 30, 1976, and for other purposes
Traces to 7 documents
U.S. Code
- Loan guaranties and insurance§ 1481
- Allotment of land on Indian reservations§ 5101
- Indian Loan Guaranty and Insurance Fund§ 1497
- Interest subsidies; rules and regulations§ 1511
- Revolving fund; appropriation for loans§ 5113
- Acquisition of agricultural and grazing lands for Indians; title to lands; tax exemption§ 5201
- Loans to individuals and groups; appropriation§ 5206
17 references not yet in our index
- 48 Stat. 986
- 49 Stat. 1968
- 1
- 64 Stat. 44
- Pub. L. 93–262, title I, § 101
- 88 Stat. 78
- Pub. L. 98–449, § 2
- 98 Stat. 1725
- Pub. L. 101–644, title III, § 303(a)
- 104 Stat. 4667
- act June 18, 1934, ch. 576
- 48 Stat. 984
- act June 26, 1936, ch. 831
- 49 Stat. 1967
- act Apr. 19, 1950, ch. 92
- Pub. L. 101–644
- Pub. L. 98–449
Citation graph
cites case law
§ 1461
Administration as single Indian Revolving Loan Fund sums from diverse sources; availability of fund for loans to Indians and for administrative expenses
Stat.×6
U.S.C.×4
Stat.48 Stat. 986
Stat.49 Stat. 1968
Cite1
Stat.64 Stat. 44
Pub. L.Pub. L. 93–262, title I, § 101
Cites 24 · showing 12Cited by 10 across 2 sources