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U.S. Code as of:
01/19/04
Section 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.
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