FEDERAL · 25 U.S.C. · Chapter SUBCHAPTER I—INDIAN REVOLVING LOAN FUND

Economic development; educational loans; limitation of loans to or investments in non-Indian organizations

25 U.S.C. § 1462
Title25Indians
ChapterSUBCHAPTER I—INDIAN REVOLVING LOAN FUND

This text of 25 U.S.C. § 1462 (Economic development; educational loans; limitation of loans to or investments in non-Indian organizations) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
25 U.S.C. § 1462.

Text

Loans may be made for any purpose which will promote the economic development of (a) the individual Indian borrower, including loans for educational purposes, and (b) the Indian organization and its members including loans by such organizations to other organizations and investments in other organizations regardless of whether they are organizations of Indians: Provided, That not more than 50 per centum of loan made to an organization shall be used by such organization for the purpose of making loans to or investments in non-Indian organizations.

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Source Credit

History

(Pub. L. 93–262, title I, §102, Apr. 12, 1974, 88 Stat. 78.)

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Bluebook (online)
25 U.S.C. § 1462, Counsel Stack Legal Research, https://law.counselstack.com/usc/25/1462.