Source: https://www.law.cornell.edu/uscode/text/25/5421
Timestamp: 2020-08-07 10:22:04
Document Index: 227211298

Matched Legal Cases: ['§ 5421', '§\u202f5421', '§\u202f801', '§\u202f501', '§\u202f1302', '§\u202f1', '§\u202f801', '§\u202f231', '§\u202f1', '§\u202f1']

25 U.S. Code § 5421 - National Fund for Excellence in American Indian Education | U.S. Code | US Law | LII / Legal Information Institute
Section 5421. National Fund for Excellence in American Indian Education
25 U.S. Code § 5421. National Fund for Excellence in American Indian Education
As soon as practicable after December 27, 2000, the Secretary of the Interior shall establish, under the laws of the District of Columbia and in accordance with this subchapter, a foundation to be known as the “National Fund for Excellence in American Indian Education” (hereinafter referred to as the “Foundation”).
(e) PurposesThe purposes of the Foundation shall be—
to encourage, accept, and administer private gifts of real and personal property or any income therefrom or other interest therein for the benefit of, or in support of, the mission of the Office of Indian Education Programs of the Bureau of Indian Affairs (or its successor office);
to undertake and conduct such other activities as will further the educational opportunities of American Indians who attend a Bureau funded school; and
to participate with, and otherwise assist, Federal, State, and tribal governments, agencies, entities, and individuals in undertaking and conducting activities that will further the educational opportunities of American Indians attending Bureau funded schools.
(h) PowersThe Foundation—
shall adopt a constitution and bylaws for the management of its property and the regulation of its affairs, which may be amended;
may make contracts, subject to the limitations of this chapter;
may acquire (through a gift or otherwise), own, lease, encumber, and transfer real or personal property as necessary or convenient to carry out the purposes of the Foundation;
(1) Limitation on spendingBeginning with the fiscal year following the first full fiscal year during which the Foundation is in operation, the administrative costs of the Foundation may not exceed 10 percent of the sum of—
the amounts transferred to the Foundation under subsection (m) of this section during the preceding fiscal year; and
(Pub. L. 93–638, title VIII, § 801, formerly title V, § 501, as added Pub. L. 106–568, title XIII, § 1302, Dec. 27, 2000, 114 Stat. 2936; amended Pub. L. 108–267, § 1(a),(b)(2), July 2, 2004, 118 Stat. 797; renumbered title VIII, § 801, Pub. L. 111–211, title II, § 231(d)(1), (2), July 29, 2010, 124 Stat. 2278.)
This chapter, referred to in subsec. (h)(3), was in the original “this Act”, meaning Pub. L. 93–638, Jan. 4, 1975, 88 Stat. 2203, known as the Indian Self-Determination and Education Assistance Act, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5301 of this title and Tables.
2004—Pub. L. 108–267, § 1(b)(2), substituted “National Fund for Excellence in American Indian Education” for “American Indian Education Foundation” in section catchline.
Subsec. (a). Pub. L. 108–267, § 1(a), substituted “a foundation to be known as the ‘National Fund for Excellence in American Indian Education’ (hereinafter referred to as the ‘Foundation’)” for “the American Indian Education Foundation”.
For short title of this subchapter as the “American Indian Education Foundation Act of 2000”, see section 1301 of Pub. L. 106–568, set out as a Short Title of 2000 Amendment note under section 5301 of this title.