(A) 25 percent shall be—
(i) reserved by the Spokane Business 
Council; and 
(ii) used for discretionary purposes of 
general benefit to all members of the Spo-
kane Tribe; and 
(B) 75 percent shall be used by the Spo-
kane Business Council to carry out—
(i) resource development programs; 
(ii) credit programs; 
(iii) scholarship programs; or 
(iv) reserve, investment, and economic 
development programs. 
SEC. 6. PAYMENTS BY THE ADMINISTRATOR. 
(a) INITIAL PAYMENT.—On March 1, 2007, the Ad-
ministrator shall pay the Spokane Tribe—
(1) the amount that is equal to 29 percent of 
the Computed Annual Payment for fiscal year 2005, 
adjusted to reflect the change in the Consumer Price 
Index for all urban consumers published by the De-
partment of Labor, from the date on which the pay-
ment for fiscal year 2005 was made to the Colville 
Tribes to the date on which payment is made to the 
Spokane Tribe under this subparagraph; and
(2) the amount that is equal to 29 percent of 
the Computed Annual Payment for fiscal year 2006. 
(b) SUBSEQUENT PAYMENTS.—On or before March 
1, 2008, and March 1 of each year thereafter through 
2033, the Administrator shall pay the Spokane Tribe the 
amount that is equal to 29 percent of the Computed An-
nual Payment for the previous fiscal year. 
(c) PAYMENT RECOVERY.—Pursuant to the payment 
schedule in subsection (b), the Administrator shall make 
commensurate cost reductions in expenditures on an an-
nual basis to recover each payment to the Tribe. The Ad-
ministrator shall include this specific cost reduction plan 
in the annual budget submitted to Congress. 
(d) SUNSET.—This section shall have no force or ef-
fect on and after the date that is 25 years after the date 
of the enactment of this Act. 
SEC. 7. TREATMENT AFTER FUNDS ARE PAID. 
(a) USE OF PAYMENTS.—Payments made to the Spo-
kane Business Council or Spokane Tribe under section 5 
or 6 may be used or invested by the Business Council in 
the same manner and for the same purposes as other Spo-
kane Tribe governmental funds. 
(b) NO
TRUST
RESPONSIBILITY
OF
THE
SEC-
RETARY.—Neither the Secretary nor the Administrator 
shall have any trust responsibility for the investment, su-
pervision, administration, or expenditure of any funds 
after the date on which the funds are paid to the Spokane 
Business Council or Spokane Tribe under section 5 or 6. 
(c) TREATMENT
OF FUNDS
FOR CERTAIN PUR-
POSES.—The payments of all funds to the Spokane Busi-
ness Council and Spokane Tribe under sections 5 and 6, 
and the interest and income generated by the funds, shall 
be treated in the same manner as payments under section 
6 of the Saginaw Chippewa Indian Tribe of Michigan Dis-
tribution of Judgment Funds Act (100 Stat. 677). 
(d) TRIBAL AUDIT.—After the date on which funds 
are paid to the Spokane Business Council or Spokane 
Tribe under section 5 or 6, the funds shall—
(1) constitute Spokane Tribe governmental 
funds; and 
(2) be subject to an annual tribal government 
audit. 
SEC. 8. REPAYMENT CREDIT. 
(a) IN GENERAL.—The Administrator shall deduct 
from the interest payable to the Secretary of the Treasury 
from net proceeds (as defined in section 13 of the Federal 
Columbia River Transmission System Act (16 U.S.C. 
838k))—
(1) in fiscal year 2007, $2,600,000; and
(2) in each subsequent fiscal year in which the 
Administrator makes a payment under section 6, 
$1,300,000. 
(b) CREDITING.—
(1) IN GENERAL.—Except as provided in para-
graphs (2) and (3), each deduction made under this 
section shall be—
(A) a credit to the interest payments oth-
erwise payable by the Administrator to the Sec-
retary of the Treasury during the fiscal year in 
which the deduction is made; and 
(B) allocated pro rata to all interest pay-
ments on debt associated with the generation 
function of the Federal Columbia River Power 
System that are due during the fiscal year. 
(2) DEDUCTION GREATER THAN AMOUNT OF 
INTEREST.—If, in any fiscal year, the deduction is 
greater than the amount of interest due on debt as-
sociated with the generation function for the fiscal 
year, the amount of the deduction that exceeds the 
interest due on debt associated with the generation 
function shall be allocated pro rata to all other inter-
est payments due during the fiscal year. 
(3) CREDIT.—To the extent that a deduction 
exceeds the total amount of interest described in