Letter from Constituent about The Indian Financing Act of 1973, 1971-03-17

Item — Box: 67, Folder: 22

Identifier: CAC_CC_009_2_67_22_0011

Staff Only

The Indian Financing Act of 1973 aims to provide capital to help develop and utilize Indian resources for economic development. The Act allows for direct loans and loan guarantees to individual Indians and Indian organizations, with a focus on promoting economic development and self-sufficiency. Loans can only be made to applicants who cannot obtain financing from other sources, and must have a reasonable prospect of repayment.Loan terms must provide for complete amortization within a specified period.