
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: 25USC674]

 
                            TITLE 25--INDIANS
 
                        CHAPTER 14--MISCELLANEOUS
 
                  SUBCHAPTER XXVII--UTE INDIANS OF UTAH
 
Sec. 674. Use of funds of the Ute Mountain Tribe of the Ute 
        Mountain Reservation for expenditure and per capita payments; 
        taxation of lands and funds; regulations applicable to loans
        
    Notwithstanding any other provisions of existing laws, the tribal 
funds now on deposit or hereafter deposited in the United States 
Treasury to the credit of the Ute Mountain Tribe of the Ute Mountain 
Reservation, may be expended or advanced for such purposes and in a 
manner, including per capita payments, the purchase of land or any 
interests therein or improvements thereon and water rights, as may be 
designated by the Ute Mountain Tribal Council and approved by the 
Secretary of the Interior: Provided, That the purchase of taxable lands 
under this authority shall not operate to remove such lands from the tax 
rolls: Provided further, That neither the transfer to the tribe of 
tribal funds, nor the distribution thereof to individual members of the 
tribe, as provided herein, from those funds consisting of compensation 
for lands acquired by the United States Government, shall be subject to 
Federal tax: And provided further, That any funds advanced for loans by 
the tribe to individual Indians or associations of Indians shall be 
subject to regulations established for the making of loans from the 
revolving loan fund authorized by section 470 of this title.

(Aug. 12, 1953, ch. 406, Sec. 1, 67 Stat. 540.)

                  Section Referred to in Other Sections

    This section is referred to in sections 675, 676a, 676b of this 
title.
