A bill to authorize the Secretary of the Interior to enter into an agreement with the Cherokee, Choctaw, and Chickasaw Indian Nations for the purchase and/or lease by the United States of each Nation's right and interests in the riverbed of the Arkansas River.

[AI summary unavailable — showing source text] Authorizes the Secretary of the Interior, after consulting with the Secretary of Defense, to enter into agreements with the Cherokee, Chickasaw and Choctaw Nations of Oklahoma providing for the purchase or lease by the United States of the rights of these nations in the Arkansas Riverbed. Requires any lease or purchase agreement to provide for payment to such nations of not less than the appraised value of the property rights involved. Provides that such agreements shall become effective 60 days after they are submitted to Congress, unless either House adopts a resolution disapproving that agreement within 60 days.…