(a) In generalThe Secretary of Agriculture is authorized to make direct loans in a manner consistent with direct loans pursuant to subtitle D of the Consolidated Farm and Rural Development Act (7 U.S.C. 1981 et seq.), to any Indian tribe recognized by the Secretary of the Interior or tribal corporation established pursuant to the Indian Reorganization Act (25 U.S.C. 477),11 See References in Text note below. which does not have adequate uncommitted funds, to acquire lands or interests therein within the tribe’s reservation as determined by the Secretary of the Interior, or within a community in Alaska incorporated by the Secretary pursuant to the Indian Reorganization Act [25 U.S.C. 5101 et seq.], for use of the tribe or the corporation or the members of either. Such loans shall be limited to such Indian tribes or tribal corporations as have reasonable prospects of success in their proposed operations and as are unable to obtain sufficient credit elsewhere at reasonable rates and terms to finance the purposes authorized in sections 5136 to 5143 of this title.
(b) Highly fractionated land(1) In generalSubject to paragraph (2), the Secretary of Agriculture may make and insure loans in accordance with section 1929 of title 7 to eligible purchasers of highly fractionated land or to intermediaries in order to establish revolving loan funds for the purchase of highly fractionated land under that section.
(2) ExclusionSection 5140 of this title shall not apply to trust land, restricted tribal land, or tribal corporation land that is mortgaged in accordance with paragraph (1).
Structure US Code
CHAPTER 45— PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES
§ 5101. Allotment of land on Indian reservations
§ 5102. Existing periods of trust and restrictions on alienation extended
§ 5103. Restoration of lands to tribal ownership
§ 5106. Use of funds appropriated under section 5108
§ 5109. Indian forestry units; rules and regulations
§ 5110. New Indian reservations
§ 5111. Allotments or holdings outside of reservations
§ 5112. Indian corporations; appropriation for organizing
§ 5113. Revolving fund; appropriation for loans
§ 5114. Interest charges covered into revolving fund
§ 5115. Vocational and trade schools; appropriation for tuition
§ 5116. Standards for Indians appointed to Indian Office
§ 5120. Continuation of allowances
§ 5121. Claims or suits of Indian tribes against United States; rights unimpaired
§ 5124. Incorporation of Indian tribes; charter; ratification by election
§ 5126. Mandatory application of sections 5102 and 5124
§ 5128. Application of laws and treaties
§ 5131. Publication of list of recognized tribes
§ 5132. Indians eligible for loans
§ 5133. Revolving fund; loans; regulations
§ 5134. Sale of land by individual Indian owners
§ 5136. Loans to purchasers of highly fractioned land
§ 5137. Removal of duplicative appraisals
§ 5138. Title in trust to United States
§ 5139. Tribal rights and privileges in connection with loans
§ 5140. Mortgaged property governed by State law
§ 5141. Interest rates and taxes
§ 5142. Reduction of unpaid principal