25 U.S.C. § 2215 | Acquisition Fund

(a)

In general

The Secretary shall establish an Acquisition Fund to—

(1)

section 2212 of this title disburse appropriations authorized to accomplish the purposes of ; and

(2)

section 2212 of this title section 2212 of this title collect all revenues received from the lease, permit, or sale of resources from interests acquired under or paid by Indian landowners under .

(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

section 2204 of this titleThe 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 .

Pub. L. 97–459, title II, § 216 Pub. L. 106–462, title I, § 103(6)Nov. 7, 2000114 Stat. 2002 Pub. L. 108–374, § 6(a)(8)Oct. 27, 2004118 Stat. 1802(, as added , , ; amended , , .)

Editorial Notes

Amendments

Pub. L. 108–374, § 6(a)(8)(A)section 2212 of this title section 2212(c) of this title2004—Subsec. (a)(2). , added par. (2) and struck out former par. (2) which read as follows: “collect all revenues received from the lease, permit, or sale of resources from interests in trust or restricted lands transferred to Indian tribes by the Secretary under or paid by Indian landowners under .”

Pub. L. 108–374, § 6(a)(8)(B)(i)Subsec. (b)(1). , substituted “All” for “Subject to paragraph (2), all” in introductory provisions and added subpar. (C).

Pub. L. 108–374, § 6(a)(8)(B)(ii)section 2212 of this titleSubsec. (b)(2). , added par. (2) and struck out heading and text of former par. (2). Text read as follows: “With respect to the deposit of proceeds derived from an interest under paragraph (1), the aggregate amount deposited under that paragraph shall not exceed the purchase price of that interest under .”