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25 U.S.C. § 4046 — Advisory board

submitted 32 years ago by Pub. L. 103-412 to r/title-25-INDIANS · 156 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Special Trustee must establish a nine-member advisory board. The board serves two-year terms, is exempt from title 5 chapter 10, and ends when the Office ends.

(a) Establishment and membership. Despite other law, the Special Trustee must establish an advisory board to advise on matters within the Trustee’s authority. After consulting tribes and appropriate Indian organizations, the Trustee appoints 9 members: (1) 5 representing trust-account holders, including tribal and Individual Indian Money accounts; (2) 2 with practical trust-fund and financial-management experience; (3) 1 with practical fiduciary-investment-management experience; and (4) 1 academic with knowledge of managing large organizations. (b) Term. Each member serves 2 years. (c) Title 5 chapter 10. The board is not subject to that chapter. (d) Ending. The board ends when the Office of Special Trustee ends.
the actual law source: uscode.house.gov ↗public domain
(a) Establishment and membership

Notwithstanding any other provision of law, the Special Trustee shall establish an advisory board to provide advice on all matters within the jurisdiction of the Special Trustee. The advisory board shall consist of nine members, appointed by the Special Trustee after consultation with Indian tribes and appropriate Indian organizations, of which—

(1)

five members shall represent trust fund account holders, including both tribal and Individual Indian Money accounts;

(2)

two members shall have practical experience in trust fund and financial management;

(3)

one member shall have practical experience in fiduciary investment management; and

(4)

one member, from academia, shall have knowledge of general management of large organizations.

(b) Term

Each member shall serve a term of two years.

(c) Chapter 10 of title 5

The advisory board shall not be subject to chapter 10 of title 5.

(d) Termination

The advisory board shall terminate upon termination of the Office of Special Trustee.

Source credit: (Pub. L. 103–412, title III, § 306, Oct. 25, 1994, 108 Stat. 4249; Pub. L. 104–109, § 6(b), Feb. 12, 1996, 110 Stat. 764; Pub. L. 117–286, § 4(a)(184), Dec. 27, 2022, 136 Stat. 4326.)

history & why it existsrecord from the source credit
  • 1994Enacted · Pub. L. 103-412 · 108 Stat. 4249
  • 1996Amended · Pub. L. 104-109 · 110 Stat. 764
  • 2022Amended · Pub. L. 117-286 · 136 Stat. 4326

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-412 on 1994-10-25.

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