25 U.S.C. § 5112 — Indian corporations; appropriation for organizing

in plain englishAI-generated · not legal advice

This section authorizes up to $250,000 per fiscal year for organizing Indian chartered corporations and other organizations created under the Act.

There is authorized to be appropriated, out of any funds in the Treasury not otherwise appropriated, such sums as may be necessary, but not to exceed $250,000 in any fiscal year, to be expended at the order of the Secretary of the Interior, in defraying the expenses of organizing Indian chartered corporations or other organizations created under this Act.

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

There is authorized to be appropriated, out of any funds in the Treasury not otherwise appropriated, such sums as may be necessary, but not to exceed $250,000 in any fiscal year, to be expended at the order of the Secretary of the Interior, in defraying the expenses of organizing Indian chartered corporations or other organizations created under this Act.

Source credit: (June 18, 1934, ch. 576, § 9, 48 Stat. 986.)

history & why it existsrecord from the source credit

1934Enacted · Act of June 18, 1934, ch. 576 · 48 Stat. 986

A history note hasn’t been published yet. The record shows enactment by ch. 576 on 1934-06-18.