
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 25USC1522]

 
                            TITLE 25--INDIANS
 
    CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN 
                              ORGANIZATIONS
 
                  SUBCHAPTER IV--INDIAN BUSINESS GRANTS
 
Sec. 1522. Conditions


(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; applicant's 
        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 applicant's 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. 93-262, title IV, Sec. 402, Apr. 12, 1974, 88 Stat. 83; Pub. L. 
98-449, Sec. 9, Oct. 4, 1984, 98 Stat. 1725.)


                               Amendments

    1984--Subsec. (a). Pub. L. 98-449 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.
