Authorized loan purposes.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) Must be used to acquire and consolidate at least 50 percent of the highly fractionated Indian land parcel and interests in the land. The interests include rights-of-way, water rights, easements, and other appurtenances that would normally pass with the land or are necessary for the proposed operation of the land located within the tribe's reservation; (2) Must finance land that will be used for agricultural purposes during the term of the loan; (3) May be used to pay costs incidental to land acquisition, including, but not limited to, title clearance, legal services, archeological or land surveys, and loan closing; and (4) May be used to pay for the costs of any appraisal conducted in accordance with this part.

official document · source cfr-2024 · id 7:§ 769.105