§1522 — Title 25 Indians | U.S. Code

Summary

Limits how much money can be given and who can get it. Grants may not be more than $100,000 for an individual Indian or $250,000 for an Indian tribe, unless the Secretary sets a lower limit. The Secretary can only approve a grant if they think the applicant cannot get enough financing elsewhere, and before approving must check that the applicant has, when practical, tried to use their own money. Also, no grant can be made if the applicant cannot get at least 60% of the needed funds from other sources.

Title 25, §1522

Indians — Source: USLM XML via OLRC

(a)No grant in excess of $100,000 in the case of an Indian and $250,000 in the case of an Indian tribe, or such lower amount as the Secretary may determine to be appropriate, may be made under this subchapter.

(b)A grant may be made only to an applicant who, in the opinion of the Secretary, is unable to obtain adequate financing for its economic enterprise from other sources: Provided, That prior to making any grant under this subchapter, the Secretary shall assure that, where practical, the applicant has reasonably made available for the economic enterprise funds from the applicant’s own financial resources.

(c)No grant may be made to an applicant who is unable to obtain at least 60 per centum of the necessary funds for the economic enterprise from other sources.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1984—Subsec. (a). Pub. L. 98–449 amended subsec. (a) generally, substituting provisions setting forth different levels of maximum grant amounts in cases of Indians and Indian tribes for provisions providing a maximum of $50,000 in cases of both Indians and Indian tribes.

§1522 Conditions

Summary

Title 25, §1522

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata