25 U.S.C. § 470
Section 470 · Revolving fund; appropriation for loans
Amended 3 times on record
Applied in 8 court decisions — leading case 451 F. Supp. 1127 - Parker Drilling Co. v. Metlakatla Indian Community (1978)
Most recently applied in 544 F. Supp. 2d 885 - Garreaux v. United States (March 2008)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
There is authorized to be appropriated, out of any funds in the Treasury not otherwise appropriated, the sum of $20,000,000 to be established as a revolving fund from which the Secretary of the Interior, under such rules and regulations as he may prescribe, may make loans to Indian chartered corporations for the purpose of promoting the economic development of such tribes and of their members, and may defray the expenses of administering such loans. Repayment of amounts loaned under this authorization shall be credited to the revolving fund and shall be available for the purposes for which the fund is established.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
1961—Pub. L. 87–250 substituted “$20,000,000” for “$10,000,000”.
1960—Pub. L. 86–533 repealed provisions which required a report to be made annually to the Congress of transactions under the authorization.
Revolving Fund: Interest-Free Loans to Klamath Indians; Refinancing Lending Agency Loans
Use of Revolving Loan Fund for Indians to assist Klamath Indians during period for terminating Federal supervision, see note set out under section 564 of this title. Funds to be administered as a single Indian Revolving Loan Fund after Apr. 12, 1974, see section 1461 of this title.
Cross References
Right-of-way grant, consent of tribal officials, see section 324 of this title.
Ute Indians, use of tribal funds, regulations for making loans from revolving fund authorized by this section to govern funds advanced for loans, see sections 671, 674, and 676 of this title.