Content provided by the Catalog of Federal Domestic Assistance
15.032 Indian Economic Development
BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR
Snyder Act of 1921, Public Law 67-85, 42 Stat. 208, 25 U.S.C. 13; Indian Reorganization Act of 1934, Section 10, Public Law 73-383, 48 Stat. 986, 25 U.S.C. 470; Public Law 93-262, 88 Stat. 77 through 83, 25 U.S.C. 1451; Indian Self-Determination and Education Assistance Act, Public Law 93-638, as amended, 25 U.S.C. 450.
To assist Federally Recognized Indian Tribal Governments to develop resources to improve their economies through administration of credit programs and other economic development assistance activities.
TYPES OF ASSISTANCE:
USES AND USE RESTRICTIONS:
Funds are used to administer tribal revolving loan programs and guaranty loan programs in order to develop resources to improve access to capital in tribal economies. Final approval of loan guarantees is restricted to the Bureau of Indian Affairs.
Applicant Eligibility: Federally Recognized Indian Tribal Governments.
Pre-application Coordination: Not applicable. This program is excluded from coverage under E.O. 12372.
Formula and Matching Requirements: None.
POST ASSISTANCE REQUIREMENTS:
Reports: Federally Recognized Indian Tribal Governments and Native American Organizations administering the program must submit financial status reports, SF 269A. The timing and nature of program accomplishment data will be negotiated with the contractor/grantee.
Account Identification: 14-2100-0-1-452.
Several Federally Recognized Indian Tribal Governments administer programs that monitor the status of existing loans made to its members and collect on loans made by re- lending programs and credit associations. The programs that may be administered include: guaranteed loans from the Loan Guaranty and Insurance Fund, Direct Loans, and grants from the Indian Business Development Program and Community and Economic Development Program. Some of the programs listed may not be open for new applications. The programs also provide assistance to American Indian owned businesses and individual American Indians in obtaining financing from private sources.
REGULATIONS, GUIDELINES, AND LITERATURE:
25 CFR 26 and 25 CFR 27. For awards to Indian Tribal Governments see also 25 CFR Part 900.
Regional or Local Office: Applications may be filed with the local Bureau of Indian Affairs agency office as listed in Appendix IV of the Catalog.
EXAMPLES OF FUNDED PROJECTS:
An Indian Tribe in Arizona operates a credit program for its tribal members and has assisted many individuals and businesses in finding suitable loans and has improved the overall economic condition on the reservation.
CRITERIA FOR SELECTING PROPOSALS:
Proposals to administer an economic development program are evaluated on the capability of the prospective applicant to successfully conduct the program and on budget and its effective use. All applicants meeting the criteria in 25 CFR Part 900 will be funded.