Show Small Business Loans To Ute Indians In Presidents President's Budget The sum of may be made available to the Ute Ule Indian Tribe for equity equit capital to assist Indian individuals of the tribe to establish business enterprises enterprises enter enter- of a permanent nature on or near the Ute Indian Reservation THE MONEY known as Indian Business Bus Bus' iness mess Development Fund and recommended recommend recommend- ed cd in the Presidents President's budget for fiscal year 1971 has passed the louse House and Senate Appropriations Committee according according ac ac- cording to reports If H finally approved it will be administered administered admin admin- by the Bureau of Indian Affairs for creating an employment and profit making impact on the reservation by Indian Business Development THE MONEY with approval resting on the Ute Tribe and the Superintendent will be in the tho form of a grant up to 40 per cent of the total contribution of any federal and private lending agencies agencies agen agen- cies cles contributing toward a project The project must be owned or controlled con con- trolled by an nil individual Indian or group of Indians Indian It mu must t generate Indian jobs and must be profitable |