25 U.S.C. § 306 — Expenditures for encouragement of industry and self-support; repayment
submitted 88 years ago by ch. 187 to r/title-25-INDIANS · 97 words · no verdicts yet
Since May 9, 1938, the Secretary of the Interior sets the terms for spending meant to help Indians become self-supporting and grow crops. This money must normally be repaid within five years. Loans for permanently improving irrigable land can take up to twenty years to repay, if the Secretary allows it.
On and after May 9, 1938, the expenditures for the purpose of encouraging industry and self-support among the Indians and to aid them in the culture of fruits, grains, and other crops shall be under conditions to be prescribed by the Secretary* of the Interior for repayment to the United States on or before the expiration of five years, except in the case of loans on irrigable lands for permanent improvement of said lands, in which the period for repayment may run for not exceeding twenty years, in the discretion of the Secretary of the Interior.
Source credit: (May 9, 1938, ch. 187, § 1, 52 Stat. 302.)
- 1938Enacted · Act of May 9, 1938, ch. 187 · 52 Stat. 302
A history note hasn’t been published yet. The record shows enactment by ch. 187 on 1938-05-09.
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