25 U.S. Code § 1195 - Disposition of funds withheld from per capita distribution

prev | next
The $200,000 withheld from per capita distribution pursuant to section 1191 of this title shall be invested or placed in trust with an institutional trustee by the Secretary of the Interior, under terms and conditions approved by the tribal governing body. The income from the investment or trust, together with such invasions of the principal or trust corpus as the Secretary deems desirable, shall be used for the education of members of the tribe until such time as the tribal governing body, with the approval of the Secretary, determines that the funds should be used in some other manner.

Source

(Pub. L. 91–259, § 5,May 21, 1970, 84 Stat. 254.)

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.