25 U.S.C. § 398b — Proceeds from rentals, royalties, and bonuses; disposition

submitted 99 years ago by ch. 299 to r/title-25-INDIANS · 136 words · no verdicts yet

in plain englishAI-generated · not legal advice

Money from oil and gas lease rentals, royalties, and bonuses on Executive order Indian reservations goes into the U.S. Treasury. It is held for the benefit of the tribe that owns or uses the land, and earns 4 percent interest yearly. Congress must consult the tribe before spending it, and only Congress can approve payments directly to individual tribe members.

When oil and gas leases on Executive order Indian reservations or withdrawals earn money — through rentals, royalties, or bonuses — that money goes into the U.S. Treasury. It is credited to the tribe for whose benefit the reservation or withdrawal was created, or to the Indians who are using and occupying the land. This money earns interest at 4 percent per year. Congress can appropriate it to pay for supervising the development and operation of the oil and gas industry on the land, and for the general use and benefit of the Indians involved. Before this money is spent, the Indians or their tribal council must be consulted. But no one may receive a direct, per-person ("per capita") payment from this money unless Congress passes a law allowing it.

the actual law source: uscode.house.gov ↗public domain

The proceeds from rentals, royalties, or bonuses of oil and gas leases upon lands within Executive order Indian reservations or withdrawals shall be deposited in the Treasury of the United States to the credit of the tribe of Indians for whose benefit the reservation or withdrawal was created or who are using and occupying the land, and shall draw interest at the rate of 4 per centum per annum and be available for appropriation by Congress for expenses in connection with the supervision of the development and operation of the oil and gas industry and for the use and benefit of such Indians: Provided, That said Indians, or their tribal council, shall be consulted in regard to the expenditure of such money, but no per capita payment shall be made except by Act of Congress.

Source credit: (Mar. 3, 1927, ch. 299, § 2, 44 Stat. 1347.)

history & why it existsrecord from the source credit

1927Enacted · Act of Mar. 3, 1927, ch. 299 · 44 Stat. 1347

A history note hasn’t been published yet. The record shows enactment by ch. 299 on 1927-03-03.

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