§ 2215. Acquisition Fund
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/usc/title-25/section-2215A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general The Secretary shall establish an Acquisition Fund to—
(1)disburse appropriations authorized to accomplish the purposes of section 2212 of this title; and
(2)collect all revenues received from the lease, permit, or sale of resources from interests acquired under section 2212 of this title or paid by Indian landowners under section 2212 of this title.
(b)Deposits; use
(1)In general All proceeds from leases, permits, or resource sales derived from an interest in trust or restricted lands described in subsection (a)(2) shall—
(A)be deposited in the Acquisition Fund;
(B)as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands; and
(C)be used to acquire undivided interests on the reservation from which the income was derived.
(2)Use of funds The Secretary may use the revenue deposited in the Acquisition Fund under paragraph
(1)to acquire some or all of the undivided interests in any parcels of land in accordance with section 2204 of this title.
(Pub. L. 97–459, title II, § 216, as added Pub. L. 106–462, title I, § 103(6), Nov. 7, 2000, 114 Stat. 2002; amended Pub. L. 108–374, § 6(a)(8), Oct. 27, 2004, 118 Stat. 1802.)
Connections7 cite this · traces to 2
Cited by 7 sections · top 4
U.S. Code
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- Pub. L. 97–459, title II, § 216
- Pub. L. 106–462, title I, § 103(6)
- 114 Stat. 2002
- Pub. L. 108–374, § 6(a)(8)
- 118 Stat. 1802
- Pub. L. 108–374, § 6(a)(8)(A)
- Pub. L. 108–374, § 6(a)(8)(B)(i)
- Pub. L. 108–374, § 6(a)(8)(B)(ii)
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§ 2215
Acquisition Fund
U.S.C.×4
Stat.×3
Pub. L.Pub. L. 97–459, title II, § 216
Pub. L.Pub. L. 106–462, title I, § 103(6)
Stat.114 Stat. 2002
Pub. L.Pub. L. 108–374, § 6(a)(8)
Stat.118 Stat. 1802
Cites 10 · showing 7Cited by 7 across 2 sources