§ 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.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 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.
