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25 U.S.C. § 1521 — Indian Business Development Program; establishment; statement of purpose

submitted 52 years ago by Pub. L. 93-262 to r/title-25-INDIANS · 56 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Department of the Interior must establish the Indian Business Development Program. It provides nonrepayable grants as equity capital to Indians and Indian tribes for Indian-owned, profit-making businesses on or near reservations.

The Department of the Interior must establish the Indian Business Development Program. Its purpose is to increase Indian entrepreneurship and employment by giving Indians and Indian tribes equity capital through grants that do not have to be repaid, so they can establish and expand Indian-owned, profit-making economic enterprises on or near reservations.

the actual law source: uscode.house.gov ↗public domain

There is established within the Department of the Interior the Indian Business Development Program whose purpose is to stimulate and increase Indian entrepreneurship and employment by providing equity capital through nonreimbursable grants made by the Secretary of the Interior to Indians and Indian tribes to establish and expand profit-making Indian-owned economic enterprises on or near reservations.

Source credit: (Pub. L. 93–262, title IV, § 401, Apr. 12, 1974, 88 Stat. 82.)

history & why it existsrecord from the source credit
  • 1974Enacted · Pub. L. 93-262 · 88 Stat. 82

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-262 on 1974-04-12.

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