Compiled and edited by Charles J. Kappler. Washington : Government Printing Office, 1929.
|Chap. 178||Indian trust funds. Interest rate on, established.|
|Chap. 178||Amount not required for payments covered into the Treasury.|
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That all money in excess of $500 held by the United States in a trust fund account, and carried on the books of the Treasury Department to the credit of an Indian tribe, if the payment of interest thereon is not otherwise authorized by law, shall bear simple interest at the rate of 4 per centum per annum from the date of the passage of this Act. The amount held in any such trust fund account, which in the judgment of the Secretary of the Interior may not be required for payment in accordance with law, shall be covered into the surplus fund of the Treasury; but so much thereof as may be necessary for making any such payment may, at any time thereafter, be restored to such account without reappropriation by Congress.1
Approved, February 12, 1929.