§ 161b. “Indian Money, Proceeds of Labor” fund; separate accounts for respective tribes; rate of interest

89 words·~1 min read·/usc/title-25/section-161b

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All tribal funds arising under section 155 of this title on June 13, 1930, included in the fund “Indian Money, Proceeds of Labor”, shall, on and after July 1, 1930, be carried on the books of the Treasury Department in separate accounts for the respective tribes, and all such funds with account balances exceeding $500 shall bear simple interest at the rate of 4 per centum per annum from July 1, 1930.

(Feb. 12, 1929, ch. 178, § 2, as added June 13, 1930, ch. 483, 46 Stat. 584.)

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U.S. Code

Disposal of miscellaneous revenues from Indian reservations, etc.
§ 155

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Feb. 12, 1929, ch. 178, § 2
June 13, 1930, ch. 483
46 Stat. 584

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§ 161b

“Indian Money, Proceeds of Labor” fund; separate accounts for respective tribes; rate of interest

U.S.C.§ 155

ActFeb. 12, 1929, ch. 178, § 2

ActJune 13, 1930, ch. 483

Stat.46 Stat. 584

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