- § 1521. Indian Business Development Program; establishment; statement of purpose
- § 1522. Conditions
- § 1523. Authorization of appropriations
- § 1524. Rules and regulations
§ 1521. Indian Business Development Program; establishment; statement of purpose
There is established within the Department of the Interior the Indian Business Development Program whose purpose is to stimulate and increase Indian entrepreneurship and employment by providing equity capital through nonreimbursable grants made by the Secretary of the Interior to Indians and Indian tribes to establish and expand profit-making Indian-owned economic enterprises on or near reservations.
(Pub. L. 93–262, title IV, § 401, Apr. 12, 1974, 88 Stat. 82.)
§ 1522. Conditions
(a) Limitation of amount
(b) Financing from other sources; inability to obtain funds; applicant’s financial resources
(c) Percentage requirement
(Pub. L. 93–262, title IV, § 402, Apr. 12, 1974, 88 Stat. 83; Pub. L. 98–449, § 9, Oct. 4, 1984, 98 Stat. 1725.)
§ 1523. Authorization of appropriations
There are authorized to be appropriated not to exceed the sum of $10,000,000 per year for fiscal year 1986 and each fiscal year thereafter for the purposes of this subchapter.
(Pub. L. 93–262, title IV, § 403, Apr. 12, 1974, 88 Stat. 83; Pub. L. 95–68, July 20, 1977, 91 Stat. 272; Pub. L. 98–449, § 10, Oct. 4, 1984, 98 Stat. 1726.)
§ 1524. Rules and regulations
The Secretary of the Interior is authorized to prescribe such rules and regulations as may be necessary to carry out the purposes of this chapter.
(Pub. L. 93–262, title IV, § 404, Apr. 12, 1974, 88 Stat. 83.)