§ 161a. Tribal funds in trust in Treasury Department; investment by Secretary of the Treasury; maturities; interest; funds held in trust for individual Indians
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/usc/title-25/section-161aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)All funds held in trust by the United States and carried in principal accounts on the books of the United States Treasury to the credit of Indian tribes shall be invested by the Secretary of the Treasury, at the request of the Secretary of the Interior, in public debt securities with maturities suitable to the needs of the fund involved, as determined by the Secretary of the Interior, and bearing interest at rates determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable maturities.
(b)All funds held in trust by the United States and carried in principal accounts on the books of the United States Treasury to the credit of individual Indians shall be invested by the Secretary of the Treasury, at the request of the Secretary of the Interior, in public debt securities with maturities suitable to the needs of the fund involved, as determined by the Secretary of the Interior, and bearing interest at rates determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable securities.
(Feb. 12, 1929, ch. 178, § 1, 45 Stat. 1164; June 13, 1930, ch. 483, 46 Stat. 584; Pub. L. 98–451, Oct. 4, 1984, 98 Stat. 1729; Pub. L. 103–412, title I, § 103(a), Oct. 25, 1994, 108 Stat. 4241.)
Connections11 cite this
Cited by 11 sections
statutes-at-large
- Public Law 101–618To provide for the settlement of water rights claims of the Fallon Paiute Shoshone Indian Tribes and for other purposes
- Public Law 98–451To allow variable interest rates for Indian funds held in trust by the United States
- Public Law 107–331To amend the Indian Financing Act of 1974 to improve the effectiveness of the Indian loan guarantee and insurance program
- Public Law 94–204To provide, under or by amendment of the Alaska Native Claims Settlement Act, for the late enrollment of certain Natives, the establishment of an escrow account for the proceeds of certain lands, the treatment of certain payments and grants, and the consolidation of existing regional corporations, a
- Public Law 106–163To provide for the settlement of the water rights claims of the Chippewa Cree Tribe of the Rocky Boy’s Reservation, and for other purposes
statute-compilations
11 references not yet in our index
- Feb. 12, 1929, ch. 178, § 1
- 45 Stat. 1164
- June 13, 1930, ch. 483
- 46 Stat. 584
- Pub. L. 98–451
- 98 Stat. 1729
- Pub. L. 103–412, title I, § 103(a)
- 108 Stat. 4241
- Pub. L. 103–412
- Pub. L. 103–412, title I, § 103(d)
- 64 Stat. 1280
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cites case law
§ 161a
Tribal funds in trust in Treasury Department; investment by Secretary of the Treasury; maturities; interest; funds held in trust for individual Indians
Stat.×5
Fed. Reg.×2
U.S.C.×2
C.F.R.×1
Stat. Comp.×1
ActFeb. 12, 1929, ch. 178, § 1
Stat.45 Stat. 1164
ActJune 13, 1930, ch. 483
Stat.46 Stat. 584
Pub. L.Pub. L. 98–451
Cites 11 · showing 5Cited by 11 across 5 sources