Indian Financing Act of 1970, 1970-07-21

Item — Box: 67, Folder: 21

Identifier: CAC_CC_009_2_67_21_0029

Staff Only

The text is a bill introduced in the House of Representatives in 1970, known as the "Indian Financing Act of 1970". It aims to provide financing for the economic development of Indians and Indian organizations. The bill establishes a revolving loan fund to provide credit to individual Indian borrowers and Indian organizations. Loans can be used for various purposes to promote economic development. Repayment terms, interest rates, and loan eligibility criteria are outlined in the bill. The Secretary of the Interior is responsible for administering the fund and making decisions regarding loans.