PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 801 cannot be defrayed through the action of any State, Federal, or municipal Act, except that nothing in this subsection shall be interpreted as requiring any priority in consideration of resources; and (2) costs of administering the program under this part, except that no more may be spent on administration of such program than is generated by the method for administrative cost computation specified in section 1315(a)(2). SEC. 1316. LIMITATIONS ON USE OF FUNDS. 25 USC 3306. (a) USE FOR RELIGIOUS PURPOSES. — None of the funds made available under this part may be used for study at any school or department of divinity or for any religious worship or sectarian activity. (b) INTEREST ON FUNDS. —No interest or other income on any funds made available under this part shall be used for any purpose other than those for which such funds may be used. (c) PAYMENTS.— (1) IN GENERAL.—Except as otherwise provided in this subsection, the Secretary shall make pa3anents to grantees under this part in two payments— (A) one payment to be made no later than October 1 of each fiscal year in an amount equal to one-half the amount paid during the preceding fiscal year to the grantee or a contractor that has elected to have the provisions of this part apply, and (B) tibe second payment consisting of the remainder to which the grantee or contractor is entitled for the fiscal year to be made by no later than January 1 of the fiscal year. (2) NEW GRANTEES.—For any tribe for which no payment was made under this part in the preceding fiscal year, full payment of the amount computed for each fiscal year shall be made by January 1 of the fiscal year. (d) INVESTMENT OF FUNDS. — (1) TREATMENT AS TRIBAL PROPERTY.— Notwithstanding any other provision of law, any interest or investment income that accrues on any funds provided under this part after such funds are paid to the Indian tribe or tribal orgsinization and before such funds are e3q>ended for the purpose for which such funds were provided under this part shall be the property of the Indian tribe or tribal organization and shall not be taJsen into account by any officer or employee of the Federal Government in determining whether to provide assistance, or the amount of assistance, under any provision of Federal law. (2) INVESTMENT REQUIREMENTS. — Funds provided under this part may be— (A) invested by the Indian tribe or tribal organization only in obligations of the United States or in obligations or secxirities that are guaranteed or insured by the United States, or (B) deposited only into accounts that are insured by an agency or instrumentaUty of the United States. (e) RECOVERIES. —For the purposes of under recovery and over recovery determinations by any Federal agency for any other funds, from whatever source derived, funds received under this part shall not be taken into consideration. 59-194 O—93 27: QL 3 (Pt. 1)
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