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25 U.S.C. § 149Indian Water Rights Settlement Completion Fund

submitted 5 years ago by Pub. L. 117-58 to r/title-25-INDIANS · 263 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law creates the Indian Water Rights Settlement Completion Fund in the U.S. Treasury. The Treasury deposits $2.5 billion into it for the Secretary of the Interior to use. The Secretary spends the money on approved Indian water rights settlements made before November 15, 2021.

(a) Establishment. This law creates a special fund in the U.S. Treasury. It's called the Indian Water Rights Settlement Completion Fund. (b) Deposits. On the later of October 1, 2021, or November 15, 2021, the Secretary of the Treasury must put $2,500,000,000 into the Fund, using money that isn't already committed to something else. That money stays available until it's all spent. Once deposited, the Secretary of the Interior can use it for the purposes in subsection (c), without needing a new appropriation and without a yearly deadline. (c) Uses. Subject to subsection (d), the Secretary of the Interior must use the Fund's money for one of two things: moving it into funds or accounts that Congress has authorized to receive discretionary appropriations, or paying other obligations the Secretary identifies. Either way, the money must go toward an Indian water rights settlement that Congress approved and authorized by law before November 15, 2021. (d) Scope of transfers. The Secretary of the Interior decides how much to transfer for each settlement — enough, in the Secretary's judgment, to satisfy the United States' obligations under that settlement, including any required cost-of-living adjustments. The Secretary also has discretion over the order and timing of these transfers, with the goal of substantially completing all the eligible Indian water settlements as quickly as reasonably possible.
the actual law source: uscode.house.gov ↗public domain
(a) Establishment

There is established in the Treasury of the United States a fund to be known as the “Indian Water Rights Settlement Completion Fund” (referred to in this section as the “Fund”).

(b) Deposits
(1) In general

On the later of October 1, 2021, and November 15, 2021, out of any funds in the Treasury not otherwise appropriated, the Secretary of the Treasury shall deposit in the Fund $2,500,000,000, to remain available until expended.

(2) Availability

Amounts deposited in the Fund under paragraph (1) shall be available to the Secretary of the Interior, without further appropriation or fiscal year limitation, for the uses described in subsection (c).

(c) Uses

Subject to subsection (d), amounts deposited in the Fund under subsection (b) shall be used by the Secretary of the Interior for transfers to funds or accounts authorized to receive discretionary appropriations, or to satisfy other obligations identified by the Secretary of the Interior, under an Indian water settlement approved and authorized by an Act of Congress before November 15, 2021.

(d) Scope of transfers
(1) In general

Transfers authorized under subsection (c) shall be made in such amounts as are determined by the Secretary of the Interior to be appropriate to satisfy the obligations of the United States, including appropriate indexing, pursuant to the applicable Indian water settlement.

(2) Sequence and timing

The Secretary of the Interior shall have the discretion to determine the sequence and timing of transfers from the Fund under subsection (c) in order to substantially complete the eligible Indian water settlements as expeditiously as practicable.

Source credit: (Pub. L. 117–58, div. G, title I, § 70101, Nov. 15, 2021, 135 Stat. 1250.)

history & why it existsrecord from the source credit
  • 2021Enacted · Pub. L. 117-58 · 135 Stat. 1250

A history note hasn’t been published yet. The record shows enactment by Pub. L. 117-58 on 2021-11-15.

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