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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 25 U.S.C. § 1522 Conditions us united_states_code code_section 25 INDIANS 17 FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS 1522 25 U.S.C. § 1522 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip /us/usc/t25/s1522 data/legal/raw/us/code/title-25/usc25.xml 946da23ed23d0c321e9570e97c8d0cfda9be8b65737d98e63cd01480c19c20d3 d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 7e1aad4350463a3fc2a7d72135d5e067fc90ff1a2be94a8cca35f768388e1c74 2026-07-04 official
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25 U.S.C. § 1522 - Conditions

Text

(a) Limitation of amount No grant in excess of $100,000 in the case of an Indian and $250,000 in the case of an Indian tribe, or such lower amount as the Secretary may determine to be appropriate, may be made under this subchapter.

(b) Financing from other sources; inability to obtain funds; applicants financial resources A grant may be made only to an applicant who, in the opinion of the Secretary, is unable to obtain adequate financing for its economic enterprise from other sources: Provided, That prior to making any grant under this subchapter, the Secretary shall assure that, where practical, the applicant has reasonably made available for the economic enterprise funds from the applicants own financial resources.

(c) Percentage requirement No grant may be made to an applicant who is unable to obtain at least 60 per centum of the necessary funds for the economic enterprise from other sources.

(Pub. L. 93262, title IV, § 402, Apr. 12, 1974, 88 Stat. 83; Pub. L. 98449, § 9, Oct. 4, 1984, 98 Stat. 1725.)

Notes

Editorial Notes

Amendments1984—Subsec. (a). Pub. L. 98449 amended subsec. (a) generally, substituting provisions setting forth different levels of maximum grant amounts in cases of Indians and Indian tribes for provisions providing a maximum of $50,000 in cases of both Indians and Indian tribes.