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25 U.S.C. § 158 — Investment of proceeds of lands

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in plain englishAI-generated · not legal advice

The Secretary of the Interior invests money owed to Native American tribes from land sales. The Secretary must invest it safely, in the tribes' best interest. The investment must earn at least 5 percent interest per year.

Some treaties promise Indian tribes yearly interest payments on money earned from land they gave up (ceded) to the government. The Secretary of the Interior must invest that money. The Secretary must choose investments that are, in the Secretary's judgment, the safest and most beneficial for the fund. There's one firm rule: the Secretary cannot invest any part of this money at an interest rate lower than 5 percent per year.
the actual law source: uscode.house.gov ↗public domain

The Secretary of the Interior shall invest in a manner which shall be in his judgment most safe and beneficial for the fund, all moneys that may be received under treaties containing stipulations for the payment to the Indians, annually, of interest upon the proceeds of the lands ceded by them; and he shall make no investment of such moneys, or of any portion, at a lower rate of interest than 5 per centum per annum.

Source credit: (R.S. § 2096.)

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