25 U.S.C. § 1462
Economic development; educational loans; limitation of loans to or investments in non-Indian organizations
Loans may be made for any purpose which will promote the economic development of (a) the individual Indian borrower, including loans for educational purposes, and (b) the Indian organization and its members including loans by such organizations to other organizations and investments in other organizations regardless of whether they are organizations of Indians: Provided, That not more than 50 per centum of loan made to an organization shall be used by such organization for the purpose of making loans to or investments in non-Indian organizations.
Notes of Decisions
Cited in 3
cases, 1986–1998 · leading case: Diane Zarr v. Earl Barlow, Dir., Off. of Indian Educ. Programs, Bureau of Indian Affairs, 800 F.2d 1484 (9th Cir. 1986).
Diane Zarr v. Earl Barlow, Dir., Off. of Indian Educ. Programs, Bureau of Indian Affairs, 800 F.2d 1484 (9th Cir. 1986). “25 U.S.C. § 1462 . Section 1452 of the Indian Financing Act provides definitions: For the purpose of this chapter, the term— (b) “Indian” means any person who is a member of any Indian tribe .”
Anderson v. Wisconsin Dep't of Revenue, 473 N.W.2d 520 (Wis. Ct. App. 1991). “; and Indian Finance Act of 1974, 25 U.S.C. § 1462 .”
Helgeson v. Bureau of Indian Affairs, Dep't of the Interior, 153 F.3d 1000 (9th Cir. 1998). “” 25 U.S.C. § 1462 . However, Congress expressly required the Secretary of the Interior (the “Secretary”) to condition the availability of loans upon the existence Of “a reasonable prospect of repayment.”
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