A bill to amend the Act of June 24, 1938, to allow the Secretary of the Interior to invest certain funds collected by Indian irrigation and power projects.

[AI summary unavailable — showing source text] Amends specified provisions of Federal law which provide for deposits and investments of Indian tribal funds to authorize the Secretary of the Interior to invest in specified types of Government securities funds from: (1) operation and maintenance collections from Indian irrigation projects; and (2) revenue collections from power operations on such projects. Authorizes the Secretary to use earnings from such investments to reduce such operation and maintenance charges.…