25 U.S.C. § 2215 — Acquisition Fund
submitted 26 years ago by Pub. L. 97-459 to r/title-25-INDIANS · 177 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The Secretary* shall establish an Acquisition Fund to—
disburse appropriations authorized to accomplish the purposes of section 2212 of this title; and
collect all revenues received from the lease, permit, or sale of resources from interests acquired under section 2212 of this title or paid by Indian landowners under section 2212 of this title.
All proceeds from leases, permits, or resource sales derived from an interest in trust or restricted lands described in subsection (a)(2) shall—
be deposited in the Acquisition Fund;
as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands; and
be used to acquire undivided interests on the reservation from which the income was derived.
The 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 section 2204 of this title.
Source credit: (Pub. L. 97–459, title II, § 216, as added Pub. L. 106–462, title I, § 103(6), Nov. 7, 2000, 114 Stat. 2002; amended Pub. L. 108–374, § 6(a)(8), Oct. 27, 2004, 118 Stat. 1802.)
- 2000Enacted · Pub. L. 97-459 · 114 Stat. 2002
- 2004Amended · Pub. L. 108-374 · 118 Stat. 1802
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-459 on 2000-11-07.
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