Page 407 TITLE 25—INDIANS § 1452

CHAPTER 17—FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS

GENERAL PROVISIONS

Sec.

1451. Congressional declaration of policy.

1452. Definitions.

1453. Assistance or activities of other Federal

agencies unaffected.

SUBCHAPTER I—INDIAN REVOLVING LOAN FUND

1461. Administration as single Indian Revolving

Loan Fund sums from diverse sources;

availability of fund for loans to Indians and

for administrative expenses.

1462. Economic development; educational loans;

limitation of loans to or investments in

non-Indian organizations.

1463. Repayment of loan; financing from other

sources.

1464. Maturity of loans; interest rate; interest deferral on educational loans.

1465. Modification of amount of loan and document

securing loan in collection of loan or in best

interests of the United States.

1466. Land and personal property title.

1467. Security for loan; assignment of securities;

reasonable assurance of repayment.

1468. Authorization of appropriations.

1469. Rules and regulations.

SUBCHAPTER II—LOAN GUARANTY AND

INSURANCE

1481. Statement of purpose.

1482. Premium charges; deposits in Indian Loan

Guaranty and Insurance Fund.

1483. Interest rate.

1484. Application for loan; approval by Secretary;

issuance of certificate; limitations on

amount of loans to individual Indians or

economic enterprises; review by Secretary.

1485. Sale or assignment of loans and underlying

security.

1486. Loans ineligible for guaranty or insurance.

1487. Loans eligible for insurance.

1488. Lenders authorized to make loans; decrease

or increase of liability under the guaranty.

1489. Loans made by certain financial institutions

without regard to limitations and restrictions of other Federal statutes with respect

to certain particulars.

1490. Maturity of loans.

1491. Defaults; written notification; pro rata payments; subrogation and assignment rights

of Secretary; cancellation of uncollectable

portion of obligations; forbearance for benefit of borrower; interest or charges cessation date.

1492. Claims for losses; submission to Secretary;

reimbursement: single and aggregate loss

limitations, conditions; assignment of note

or judgment; collection or cancellation by

Secretary; interest or charges cessation

date.

1493. Loan refusal; conditions; prohibition against

acquisition of additional loans; payment of

claims on loans made in good faith.

1494. Evidence of eligibility of loan for and amount

of guaranty or insurance; defenses and partial defenses against original lender.

1495. Land and personal property titles.

1496. Powers of Secretary; finality of financial

transactions and property acquisitions,

management, and dispositions.

1497. Indian Loan Guaranty and Insurance Fund.

(a) Establishment of revolving fund.

(b) Aggregate loans or surety bonds limitation.

Sec.

(c) Assets, liabilities, and obligations of

fund; loan and surety bond servicing

and purchasing agreements: terms

and conditions.

(d) Utilization of fund for diverse payments.

(e) Authorization of appropriations.

(f) Deficiencies in fund; notice to Congress.

1497a. Supplemental surety bond guarantee.

(a) Amount; eligibility.

(b) Conditions.

(c) Fees and charges.

1498. Rules and regulations.

1499. Limitation on guarantee of debt issues; approval of bond issue sale.

SUBCHAPTER III—INTEREST SUBSIDIES AND

ADMINISTRATIVE EXPENSES

1511. Interest subsidies; rules and regulations.

1512. Authorization of appropriations for interest

payments.

SUBCHAPTER IV—INDIAN BUSINESS GRANTS

1521. Indian Business Development Program; establishment; statement of purpose.

1522. Conditions.

(a) Limitation of amount.

(b) Financing from other sources; inability to obtain funds; applicant’s financial resources.

(c) Percentage requirement.

1523. Authorization of appropriations.

1524. Rules and regulations.

SUBCHAPTER V—MISCELLANEOUS PROVISIONS

1541. Competent management and technical assistance for economic enterprises.

1542. Agency cooperation; private contracts for

management services and technical assistance.

1543. Funds limitation for private contracts.

1544. Additional compensation to contractors of

Federal agency.

GENERAL PROVISIONS

§ 1451. Congressional declaration of policy

It is hereby declared to be the policy of Congress to provide capital on a reimbursable basis

to help develop and utilize Indian resources,

both physical and human, to a point where the

Indians will fully exercise responsibility for the

utilization and management of their own resources and where they will enjoy a standard of

living from their own productive efforts comparable to that enjoyed by non-Indians in neighboring communities.

(Pub. L. 93–262, §2, Apr. 12, 1974, 88 Stat. 77.)

SHORT TITLE OF 1984 AMENDMENT

Pub. L. 98–449, §1, Oct. 4, 1984, 98 Stat. 1725, provided:

‘‘That this Act [enacting section 47a of this title and

amending sections 1461, 1465, 1481, 1484, 1491, 1497, 1512,

1522, 1523, 1541, and 1543 of this title] may be cited as

the ‘Indian Financing Act Amendments of 1984’.’’

SHORT TITLE

Section 1 of Pub. L. 93–262 provided: ‘‘That this Act

[enacting this chapter] may be cited as the ‘Indian Financing Act of 1974’.’’

§ 1452. Definitions

For the purpose of this chapter, the term—

(a) ‘‘Secretary’’ means the Secretary of the Interior.