Title 25 — IndiansRelease 119-73not60
§161b “indian Money, Proceeds of Labor” Fund; Separate Accounts for Respective Tribes; Rate of Interest
Title 25 › Chapter 4— PERFORMANCE BY UNITED STATES OF OBLIGATIONS TO INDIANS › Subchapter III— DEPOSIT, CARE, AND INVESTMENT OF INDIAN MONEYS › § 161b
Summary
Tribal funds that came under section 155 and were part of the Indian Money, Proceeds of Labor fund on June 13, 1930 must, starting July 1, 1930, be kept in separate Treasury accounts for each tribe. Any of those accounts with a balance over $500 will earn simple interest at 4 percent per year beginning July 1, 1930.
Full Legal Text
Title 25, §161b
Indians — Source: USLM XML via OLRC
All tribal funds arising under section 155 of this title on June 13, 1930, included in the fund “Indian Money, Proceeds of Labor”, shall, on and after July 1, 1930, be carried on the books of the Treasury Department in separate accounts for the respective tribes, and all such funds with account balances exceeding $500 shall bear simple interest at the rate of 4 per centum per annum from July 1, 1930.
Reference
Citations & Metadata
Citation
25 U.S.C. § 161b
Title 25 — Indians
Last Updated
Apr 5, 2026
Release point: 119-73not60