25 U.S.C. § 1543 — Funds limitation for private contracts

in plain englishAI-generated · not legal advice

This section addresses funds limitation for private contracts. It states the specific authority, requirement, rule, or penalty described in the section.

For the purpose of entering into contracts pursuant to section 1542 of this title in fiscal year 1985, the Secretary is authorized to use not to exceed 6 percent of any funds appropriated for any fiscal year pursuant to section 1512 of this title. For fiscal year 1986 and for each fiscal year thereafter, there are authorized to be appropriated such sums as may be necessary to carry out the provisions of this subchapter.

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

For the purpose of entering into contracts pursuant to section 1542 of this title in fiscal year 1985, the Secretary is authorized to use not to exceed 6 percent of any funds appropriated for any fiscal year pursuant to section 1512 of this title. For fiscal year 1986 and for each fiscal year thereafter, there are authorized to be appropriated such sums as may be necessary to carry out the provisions of this subchapter.

Source credit: (Pub. L. 93–262, title V, § 503, Apr. 12, 1974, 88 Stat. 83; Pub. L. 98–449, § 13, Oct. 4, 1984, 98 Stat. 1726.)

history & why it existsrecord from the source credit

1974Enacted · Pub. L. 93-262 · 88 Stat. 83
1984Amended · Pub. L. 98-449 · 98 Stat. 1726

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