Pub. L. 100-675, tit. I, sec. 105

SAN LUIS REY TRIBAL DEVELOPMENT FUND.

EnactedYear: 1988Length: 192 wordsOfficial source
SEC. 105. SAN LUIS REY TRIBAL DEVELOPMENT FUND. (a) Establishment of Fund.—There is hereby established within the Treasury of the United States the “San Luis Rey Tribal Development Fund”. (b) Authorization of Appropriations.— (1) There is authorized to be appropriated to the San Luis Rey Tribal Development Fund $30,000,000, together with interest accruing from the date of enactment of this Act at a rate determined by the Secretary of the Treasury taking into consideration the average market yield on outstanding Federal obligations of comparable maturity. Following execution of the settlement agreement, judgments, and other appropriate final dispositions specified in section 104, the Secretary of the Treasury shall allocate and make available such monies from the trust fund as are requested by the Indian Water Authority. (2) Any monies not allocated to the Indian Water Authority and remaining in the fund authorized by this section shall be invested by the Secretary of the Treasury in interest-bearing deposits and securities in accordance with the Act of June 24, 1938 (25 U.S.C. 162a). Such interest shall be made available to the Indian Water Authority in the same manner as the monies identified in paragraph (1).
Pub. L. 100-675, tit. I, sec. 105: SAN LUIS REY TRIBAL DEVELOPMENT FUND. | Justis AI