25 USC 2215 - Sec. 2215. Acquisition Fund

25 USC - US Code - Title 25: Indians (January 2003)


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Text:

  (a) In general The Secretary shall establish an Acquisition Fund to - (1) disburse appropriations authorized to accomplish the purposes of section 2212 of this title; and (2) collect all revenues received from the lease, permit, or sale of resources from interests in trust or restricted lands transferred to Indian tribes by the Secretary under section 2212 of this title or paid by Indian landowners under section 2212(c) of this title. (b) Deposits; use (1) In general Subject to paragraph (2), all proceeds from leases, permits, or resource sales derived from an interest in trust or restricted lands described in subsection (a)(2) of this section shall - (A) be deposited in the Acquisition Fund; and (B) as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands. (2) Maximum deposits of proceeds With respect to the deposit of proceeds derived from an interest under paragraph (1), the aggregate amount deposited under that paragraph shall not exceed the purchase price of that interest under section 2212 of this title.


Section Referred To In Other Sections

This section is referred to in section 2213 of this title.

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