25-U.S.C.-398B
§398B – Proceeds From Rentals, Royalties, and Bonuses; Disposition
Pathway
Title 25 > Chapter 12 > Section 398b
Details
- Reference: Section 398b
- Legend: §398B – Proceeds From Rentals, Royalties, and Bonuses; Disposition
- USCode Year: 2013
Provision Content
The proceeds from rentals, royalties, or bonuses of oil and gas leases upon lands within Executive order Indian reservations or withdrawals shall be deposited in the Treasury of the United States to the credit of the tribe of Indians for whose benefit the reservation or withdrawal was created or who are using and occupying the land, and shall draw interest at the rate of 4 per centum per annum and be available for appropriation by Congress for expenses in connection with the supervision of the development and operation of the oil and gas industry and for the use and benefit of such Indians: Provided, That said Indians, or their tribal council, shall be consulted in regard to the expenditure of such money, but no per capita payment shall be made except by Act of Congress.
(Mar. 3, 1927, ch. 299, §2, 44 Stat. 1347.)
U.S. Encyclopedia of Law Coverage
25-U.S.C.-389D in the Legal Encyclopedia: Indians
In this entry about 25-U.S.C.-389D, 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.
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