United States Code

USC most recently checked for updates: Mar 23, 2023

§ 2215.
Acquisition Fund
In general
The Secretary shall establish an Acquisition Fund to—
disburse appropriations authorized to accomplish the purposes of section 2212 of this title; and
collect all revenues received from the lease, permit, or sale of resources from interests acquired under section 2212 of this title or paid by Indian landowners under section 2212 of this title.
Deposits; use
In general
All proceeds from leases, permits, or resource sales derived from an interest in trust or restricted lands described in subsection (a)(2) shall—
be deposited in the Acquisition Fund;
as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands; and
be used to acquire undivided interests on the reservation from which the income was derived.
Use of funds

The Secretary may use the revenue deposited in the Acquisition Fund under paragraph (1) to acquire some or all of the undivided interests in any parcels of land in accordance with section 2204 of this title.

(Pub. L. 97–459, title II, § 216, as added Pub. L. 106–462, title I, § 103(6), Nov. 7, 2000, 114 Stat. 2002; amended Pub. L. 108–374, § 6(a)(8), Oct. 27, 2004, 118 Stat. 1802.)
cite as: 25 USC 2215