HR 2671 · 106th Congress · Native Americans
Yankton Sioux Tribe and Santee Sioux Tribe of Nebraska Development Trust Fund Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 416.(2000-07-17)
Plain Language Summary
[AI summary unavailable — showing source text]
Yankton Sioux Tribe and Santee Sioux Tribe of Nebraska Development Trust Fund Act - Establishes in the Treasury the Yankton Sioux Tribe Development Trust Fund and the Santee Sioux Tribe of Nebraska Development Trust Fund. Directs the Secretary of the Treasury to: (1) deposit a specified amount into each Fund; (2) invest such amounts and deposit resulting interest in the Funds; and (3) withdraw the aggregate amount of interest deposited into the Funds each fiscal year and transfer that amount to the Secretary of the Interior to use for making payments to the Yankton Sioux Tribe and the Santee Sioux Tribe, as requested by each Tribe pursuant to tribal resolution, for carrying out projects and programs under each Tribe's Tribal Plan. Permits each Tribe to enter into an agreement under which it pledges future payments as security for a loan or other financial transaction, but only in connection with the purchase of land or other capital assets, and only for an amount less than 40 percent of any payment for that year. Directs the tribal council of each Tribe to prepare a Tribal Plan for using payments for carrying out projects and programs to promote: (1) economic development; (2) infra…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2671, Yankton Sioux Tribe and Santee Sioux Tribe of Nebraska Development Trust Fund Act
Jul 12, 2000Cost estimate for the bill as ordered reported by the House Committee on Resources on June 28, 2000
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office