that conform to generally accepted accounting 
principles, 
auditing 
procedures, 
and 
safe-
guarding of funds that conform to chapter 75 
of title 31, United States Code (commonly 
known as the ‘Single Audit Act of 1984’). 
‘‘(2) SEPARATE RECORDS AND AUDITS NOT RE-
QUIRED.—Notwithstanding any other provision of 
law (including regulations and circulars of any agen-
cy (including Office of Management and Budget Cir-
cular A–133)), an Indian tribe that has in place an 
approved plan under this Act shall not be required— 
‘‘(A) to maintain separate records that 
trace any service or activity conducted under 
the approved plan to the program for which the 
funds were initially authorized or transferred; 
‘‘(B) to allocate expenditures among such 
a program; or 
‘‘(C) to audit expenditures by the original 
source of the program. 
‘‘(b) CARRYOVER.— 
‘‘(1) IN GENERAL.—Any funds transferred to 
an Indian tribe under this Act that are not obligated 
or expended prior to the beginning of the fiscal year 
after the fiscal year for which the funds were appro-
priated shall remain available for obligation or ex-
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penditure without fiscal year limitation, subject to 
the condition that the funds shall be obligated or ex-
pended in accordance with the approved plan of the 
Indian tribe. 
‘‘(2) NO
ADDITIONAL
DOCUMENTATION.—The 
Indian tribe shall not be required to provide any ad-
ditional justification or documentation of the pur-
poses of the approved plan as a condition of receiv-
ing or expending the funds. 
‘‘(c) INDIRECT COSTS.—Notwithstanding any other 
provision of law, an Indian tribe shall be entitled to re-
cover 100 percent of any indirect costs incurred by the 
Indian tribe as a result of the transfer of funds to the 
Indian tribe under this Act.’’; and 
(3) in subsection (e) (as redesignated by para-
graph (1))— 
(A) by striking ‘‘All administrative’’ and 
inserting the following: 
‘‘(1) IN GENERAL.—All administrative’’; and 
(B) by striking ‘‘regulations)’’ and all that 
follows through the end of the subsection and 
inserting the following: ‘‘regulations). 
‘‘(2) TREATMENT.—The amount equal to the 
difference between the amount of the commingled 
funds and the actual administrative cost of the pro-
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grams, as described in paragraph (1), shall be con-
sidered to be properly spent for Federal audit pur-
poses if the amount is used to achieve the purposes 
of this Act. 
‘‘(e) MATCHING FUNDS.—Notwithstanding any other 
provision of law, any funds transferred to an Indian tribe 
under this Act shall be treated as non-Federal funds for 
purposes of meeting matching requirements under any 
other Federal law. 
‘‘(f) CLAIMS.—The following provisions of law shall 
apply to plans approved under this Act: 
‘‘(1) Section 314 of the Department of the In-
terior and Related Agencies Appropriations Act, 
1991 (Public Law 101–512; 104 Stat. 1959). 
‘‘(2) Chapter 171 of title 28 (commonly known 
as the ‘Federal Tort Claims Act’). 
‘‘(g) INTEREST OR OTHER INCOME.— 
‘‘(1) IN GENERAL.—An Indian tribe shall be 
entitled to retain interest earned on any funds trans-
ferred to the tribe under an approved plan and such 
interest shall not diminish the amount of funds the 
Indian tribe is authorized to receive under the plan 
in the year the interest is earned or in any subse-
quent fiscal year. 
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‘‘(2) PRUDENT
INVESTMENT.—Funds trans-
ferred under a plan shall be managed in accordance 
with the prudent investment standard.’’. 
SEC. 15. LABOR MARKET INFORMATION ON INDIAN WORK 
FORCE. 
Section 17(a) of the Indian Employment, Training 
and Related Services Act of 1992 (25 U.S.C. 3416(a)) is 
amended in the first sentence— 
(1) by striking ‘‘The Secretary’’ and all that 
follows through ‘‘manner,’’ and inserting ‘‘The Sec-
retary of Labor, in consultation with the Secretary, 
Indian tribes, and the Director of the Bureau of the 
Census, shall’’; and 
(2) by striking ‘‘, by gender,’’. 
SEC. 16. REPEALS; CONFORMING AMENDMENTS. 
(a) REPEALS.—Sections 15 and 16 of the Indian Em-
ployment, Training and Related Services Act of 1992 (25 
U.S.C. 3414, 3415) are repealed. 
(b) CONFORMING AMENDMENTS.—Sections 17 and 
18 of the Indian Employment, Training and Related Serv-
ices Act of 1992 (25 U.S.C. 3416, 3417) (as amended by 
this Act) are redesignated as sections 15 and 16, respec-
tively. 
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SEC. 17. EFFECT OF ACT. 
Nothing in this Act or any amendment made by this 
Act— 
(1) affects any plan approved under the Indian 
Employment, Training and Related Services Act of 
1992 (25 U.S.C. 3401 et seq.) (as so redesignated) 
before the date of enactment of this Act; 
(2) requires any Indian tribe or tribal organiza-
tion to resubmit a plan described in paragraph (1); 
or 
(3) modifies the effective period of any plan de-
scribed in paragraph (1). 
Æ 
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