§ 676. — Use of funds of Southern Ute Tribe of Southern Ute Reservation for expenditure and per capita payments; 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: 25USC676]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER XXVII--UTE INDIANS OF UTAH
Sec. 676. Use of funds of Southern Ute Tribe of Southern Ute
Reservation for expenditure and per capita payments; 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 Southern Ute Tribe of the Southern Ute
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 Southern Ute 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: 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: And provided further,
That no part of the funds authorized to be expended or advanced by this
section shall be paid or disbursed to or received by any agent or
attorney on account of any contract for services rendered or to be
rendered or expenses in the preparation of any suit against the United
States.
(June 28, 1954, ch. 405, 68 Stat. 300.)
Section Referred to in Other Sections
This section is referred to in sections 676a, 676b of this title.
