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US CodeTitle 25Chapter 24§ 2215

§ 2215

Acquisition Fund

25 U.S.C. § 2215.
2 min read
((a)) ** In general** The Secretary shall establish an Acquisition Fund to— ((1)) disburse appropriations authorized to accomplish the purposes of ; and ((2)) collect all revenues received from the lease, permit, or sale of resources from interests acquired under or paid by Indian landowners under . ((b)) ** Deposits; use** ((1)) ** 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— ((A)) be deposited in the Acquisition Fund; ((B)) as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands; and ((C)) be used to acquire undivided interests on the reservation from which the income was derived. ((2)) ** 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

Release: pl-119-59 (2025-12-18)

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