Title 25 — IndiansRelease 119-73not60
§5113 Revolving Fund; Appropriation for Loans
Title 25 › Chapter 45— PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES › § 5113
Summary
$20,000,000 is set up as a revolving fund. The Secretary of the Interior may lend it to Indian chartered corporations to promote tribal economic development and pay loan costs. Repayments go back into the fund.
Full Legal Text
Title 25, §5113
Indians — Source: USLM XML via OLRC
There is authorized to be appropriated, out of any funds in the Treasury not otherwise appropriated, the sum of $20,000,000 to be established as a revolving fund from which the Secretary of the Interior, under such rules and regulations as he may prescribe, may make loans to Indian chartered corporations for the purpose of promoting the economic development of such tribes and of their members, and may defray the expenses of administering such loans. Repayment of amounts loaned under this authorization shall be credited to the revolving fund and shall be available for the purposes for which the fund is established.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was formerly classified to section 470 of this title prior to editorial reclassification and renumbering as this section.
Amendments
1961—Pub. L. 87–250 substituted “$20,000,000” for “$10,000,000”. 1960—Pub. L. 86–533 repealed provisions which required a report to be made annually to the Congress of transactions under the authorization.
Statutory Notes and Related Subsidiaries
Administration of FundFunds from diverse sources to be administered as a single Indian Revolving Loan Fund after Apr. 12, 1974, see section 1461 of this title.
Reference
Citations & Metadata
Citation
25 U.S.C. § 5113
Title 25 — Indians
Last Updated
Apr 5, 2026
Release point: 119-73not60