(i) except as provided in subparagraph 
(A)(ii), shall not be expended by the Tribe; 
and 
(ii) shall be invested by the Tribe in 
accordance with the investment policy of the 
Tribe. 
(3) ACCOUNT FOR INVESTMENT INCOME.—
(A) IN GENERAL.—The Tribe shall establish 
an account for, and deposit in the account, all 
investment income earned on amounts in the 
Permanent Fisheries Fund established under 
paragraph (2)(A)(ii) after the date of distribu-
tion of the funds to the Tribe under paragraph 
(1). 
(B) USE OF FUNDS.—Funds deposited in 
the account established under subparagraph (A) 
shall be available to the Tribe—
(i) subject to subparagraph (C), to 
carry out fisheries enhancement projects; 
and 
(ii) pay expenses incurred in admin-
istering the Permanent Fisheries Fund es-
tablished under paragraph (2)(A)(ii). 
(C) SPECIFICATION
OF
PROJECTS.—Each 
fisheries enhancement project carried out under
subparagraph (B)(i) shall be specified in the ap-
proved annual budget of the Tribe. 
(4) ACCOUNT
FOR
INCOME
ON
JUDGMENT 
FUNDS.—
(A) IN GENERAL.—The Tribe shall establish 
an account for, and deposit in the account, all 
investment income earned on the judgment funds 
described in subsection (a) during the period be-
ginning on September 19, 1989, and ending on 
the date of distribution of the funds to the Tribe 
under paragraph (1). 
(B) USE OF FUNDS.—
(i) IN
GENERAL.—Subject to clause 
(ii), funds deposited in the account estab-
lished under subparagraph (A) shall be 
available to the Tribe for use in carrying 
out tribal government activities. 
(ii) SPECIFICATION OF ACTIVITIES.—
Each tribal government activity carried out 
under clause (i) shall be specified in the ap-
proved annual budget of the Tribe. 
(b) DETERMINATION OF AMOUNT OF FUNDS AVAIL-
ABLE.—Subject to compliance by the Tribe with paragraphs 
(3)(C) and (4)(B)(ii) of subsection (a), the Quinault Busi-
ness Committee, as the governing body of the Tribe, may
determine the amount of funds available for expenditure 
under paragraphs (3) and (4) of subsection (a). 
(c) ANNUAL AUDIT.—The records and investment ac-
tivities of the 3 accounts established under subsection (a) 
shall—
(1) be maintained separately by the Tribe; and 
(2) be subject to an annual audit. 
(d) REPORTING OF INVESTMENT ACTIVITIES AND EX-
PENDITURES.—Not later than 120 days after the date on 
which each fiscal year of the Tribe ends, the Tribe shall 
make available to members of the Tribe a full accounting 
of the investment activities and expenditures of the Tribe 
with respect to each fund established under this section 
(which may be in the form of the annual audit described 
in subsection (c)) for the fiscal year. 
SEC. 2. CONDITIONS FOR DISTRIBUTION. 
(a) UNITED STATES LIABILITY.—On disbursement to 
the Tribe of the funds under section 1(a), the United States 
shall bear no trust responsibility or liability for the invest-
ment, supervision, administration, or expenditure of the 
funds. 
(b) APPLICATION OF OTHER LAW.—All funds distrib-
uted under this Act shall be subject to section 7 of the In-
dian Tribal Judgment Funds Use or Distribution Act (25 
U.S.C. 1407).
Union Calendar No. 217
108TH CONGRESS 
1ST SESSION 
H. R. 2425
[Report No. 108–367] 
A BILL 
To provide for the use and distribution of the funds 
awarded to the Quinault Indian Nation under 
United States Claims Court Dockets 772–71, 
773–71, 774–71, and 775–71, and for other pur-
poses. 
NOVEMBER 17, 2003
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed