US Code

Public Law 119-73 (01/23/2026)

25 U.S.C. § 1461

Administration as single Indian Revolving Loan Fund sums from diverse sources; availability of fund for loans to Indians and for administrative expenses

section 1481 of this title48 Stat. 98625 U.S.C. 510149 Stat. 19681

149 Stat. 1967 So in original. Probably should be “(),”.
64 Stat. 44Providedsection 1497 of this titlesection 1511 of this titleIn 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 , all funds that are now or hereafter a part of the revolving fund authorized by the Act of () [ et seq.], the Act of (), and the Act of (), 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: , 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 , or for the payment of interest subsidies authorized by .

Pub. L. 93–262, title I, § 10188 Stat. 78Pub. L. 98–449, § 298 Stat. 1725Pub. L. 101–644, title III, § 303(a)104 Stat. 4667(, , ; , , ; , , .)

Editorial Notes

References in Text

act June 18, 1934, ch. 57648 Stat. 984section 5113 of this titlesection 5101 of this titleAct of , referred to in text, is , , popularly known as the Indian Reorganization Act, which is classified generally to chapter 45 (§ 5101 et seq.) of this title. Provisions of the act establishing the revolving fund are set out in . For complete classification of this Act to the Code, see Short Title note set out under and Tables.

act June 26, 1936, ch. 83149 Stat. 1967section 5201 of this titlesection 5206 of this titleAct of , referred to in text, is , , popularly known as the Oklahoma Welfare Act, which was classified generally to subchapter VIII (§ 501 et seq.) of chapter 14 of this title prior to editorial reclassification as chapter 45A (§ 5201 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables. Provisions of the Act relating to the revolving fund appear in .

act Apr. 19, 1950, ch. 9264 Stat. 44Act of , referred to in text, is , , which was classified generally to subchapter XXI (§ 631 et seq.) of chapter 14 of this title and was omitted from the Code as being of special and not general application.

Amendments

Pub. L. 101–644section 1481 of this titlesection 1497 of this titlesection 1511 of this title1990— substituted “money markets, or to supplement funds from private lenders, including loans guaranteed by the Secretary pursuant to ,” for “money markets,” in first sentence and inserted before period at end of third sentence “, or, in the discretion of the Secretary of the Interior, as a contribution to the Indian Loan Guaranty and Insurance Fund authorized by , or for the payment of interest subsidies authorized by ”.

Pub. L. 98–4491984— which directed that “which are not members of or eligible for membership in an organization which is making loans to its members” be struck out was executed by striking out “who are not members of or eligible for membership in an organization which is making loans to its members” before proviso.