Notes on 25 U.S.C. § 564 : US Code - Notes

Search Notes on 25 U.S.C. § 564 : US Code - Notes

(Aug. 13, 1954, ch. 732, Sec. 1, 68 Stat. 718.)
REVOLVING FUND: INTEREST-FREE LOANS TO KLAMATH INDIANS; REFINANCING
LENDING AGENCY LOANS
Pub. L. 86-40, June 11, 1959, 73 Stat. 70, provided: "That the
Secretary of the Interior is authorized to make loans, without
interest, from the revolving fund authorized by the Acts of June
18, 1934 (48 Stat. 986; 25 U.S.C. 470), and June 26, 1936 (49 Stat.
1968; 25 U.S.C. 506), as amended and supplemented, to members of
the Klamath Tribe of Indians who elected to withdraw from the tribe
pursuant to the Act of August 13, 1954 (68 Stat. 718; 25 U.S.C.
564), as amended, regardless of the degree of Indian blood of the
borrower, and to collect such loans by setoff against funds payable
to the borrower pursuant to said Act of August 13, 1954, as amended
[this subchapter]. The Secretary is also authorized to refinance
from such revolving fund any loan made by a lending agency to a
withdrawing Klamath Indian that is secured by encumbrance of his
beneficial interest in tribal property with the approval of the
Secretary as required by section 4 of said 1954 Act [section 564c
of this title], and to include therein a nonreimbursable grant
equal to the interest charges incurred by the borrower prior to
such refinancing. In the event adequate funds are not available
from the revolving fund to refinance a loan by such lending agency,
the Secretary is authorized to pay from the revolving fund, without
reimbursement, the interest charged on such loan."
INDIAN REVOLVING LOAN FUND
Certain funds to be administered as a single Indian Revolving
Loan Fund after Apr. 12, 1974, see section 1461 of this title.
REPEALS; RECOUPMENT OF FUNDS EXPENDED FOR KLAMATH COUNTY SCHOOL
BOARD
Section 24 of act Aug. 13, 1954, as amended by Pub. L. 85-72,
June 29, 1957, 71 Stat. 243, provided that: "All Acts or parts of
Acts inconsistent with this Act [this subchapter] are hereby
repealed insofar as they affect the tribe or its members. Effective
on July 1, 1957, section 2 of the Act of August 19, 1949 (63 Stat.
621, ch. 488) shall become inapplicable to the unrecouped balance
of funds expended in cooperation with the school board of Klamath
County, Oregon, pursuant to said Act."
SEPARABILITY
Section 25 of act Aug. 13, 1954, provided that: "If any provision
of this Act [this subchapter], or the application thereof to any
person or circumstance, is held invalid, the remainder of the Act
and the application of such provision to other persons or
circumstances shall not be affected thereby."