25-U.S.C.-1522
§1522 – Conditions
Pathway
Title 25 > Chapter 17 > Subchapter IV > Section 1522
Details
- Reference: Section 1522
- Legend: §1522 – Conditions
- USCode Year: 2013
Provision Content
(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. 93–262, title IV, §402, Apr. 12, 1974, 88 Stat. 83; Pub. L. 98–449, §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.
U.S. Encyclopedia of Law Coverage
25-U.S.C.-1494 in the Legal Encyclopedia: Indians
In this entry about 25-U.S.C.-1494, find legal reference material, bibliographies and premiere content related to indians in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians-specific issues, written by authorities in the field.
25-U.S.C.-1511 in the Legal Encyclopedia: Indians Financing
In this entry about 25-U.S.C.-1511, find legal reference material, bibliographies and premiere content related to indians financing in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians financing-specific issues, written by authorities in the field.
Part C – Development and Implementation Grants For School-To-Work Programs For Indian Youths in the Legal Encyclopedia: Grants
In this entry about Part C – Development and Implementation Grants For School-To-Work Programs For Indian Youths, find legal reference material, bibliographies and premiere content related to grants in the American Encyclopedia of Law, presenting a comprehensive view of the United States grants-specific issues, written by authorities in the field.
22-U.S.C.-5828 in the Legal Encyclopedia: Business
In this entry about 22-U.S.C.-5828, find legal reference material, bibliographies and premiere content related to business in the American Encyclopedia of Law, presenting a comprehensive view of the United States business-specific issues, written by authorities in the field.
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