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United States Code (Last Updated: May 24, 2014) |
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Title 25. INDIANS |
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Chapter 14. MISCELLANEOUS |
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SubChapter XXII. NAVAJO AND HOPI TRIBES: SETTLEMENT OF RIGHTS AND INTERESTS |
§ 640d–30. Navajo Rehabilitation Trust Fund
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(a) Establishment There is hereby established in the Treasury of the United States a trust fund to be known as the “Navajo Rehabilitation Trust Fund”, which shall consist of the funds transferred under subsection (b) of this section and of the funds appropriated pursuant to subsection (f) of this section and any interest or investment income accrued on such funds.
(b) Deposit of income into Fund All of the net income derived by the Navajo Tribe from the surface and mineral estates of lands located in New Mexico that are acquired for the benefit of the Navajo Tribe under section 640d–10 of this title shall be deposited into the Navajo Rehabilitation Trust Fund.
(c) Secretary as trustee; investment of funds The Secretary shall be the trustee of the Navajo Rehabilitation Trust Fund and shall be responsible for investment of the funds in such Trust Fund.
(d) Availability of funds; purposes Funds in the Navajo Rehabilitation Trust Fund, including any interest or investment accruing thereon, shall be available to the Navajo Tribe, with the approval of the Secretary, solely for purposes which will contribute to the continuing rehabilitation and improvement of the economic, educational, and social condition of families, and Navajo communities, that have been affected by— (1) the decison exceed $10,000,000 in each of fiscal years 1990, 1991, 1992, 1993, 1994 and 1995. The income from the land referred to in subsection (b) of this section shall be used to reimburse the General Fund of the United States Treasury for amounts appropriated to the Fund.
Codification
Another section 32 of Pub. L. 93–531 was enacted by Pub. L. 100–696, title IV, § 407,
Amendments
1989—Subsecs. (e) to (g). Pub. L. 101–121 added subsec. (e) and redesignated former subsecs. (e) and (f) as (f) and (g), respectively.