Technical Correction to the Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights Settlement Act of 2021
Bill: S.648 | Sponsor: Sen. Cortez Masto, Catherine (D-NV)
Policy area: Native Americans

Summary:
Technical Correction to the Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights Settlement Act of 2021
This bill authorizes deposit of specified interest payments into the Shoshone-Paiute Tribes Water Rights Development Fund. This fund was established in 2009 under the water rights settlement agreement for the Shoshone-Paiute Tribes of the Duck Valley Reservation.

To amend the Omnibus Public Land Management Act of 2009 to make a 
 technical correction to the water rights settlement for the Shoshone-
 Paiute Tribes of the Duck Valley Reservation, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Technical Correction to the 
Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights 
Settlement Act of 2021''.

<DELETED>SEC. 2. AUTHORIZATION OF PAYMENT OF INTEREST ON TRUST FUNDS 
              ESTABLISHED UNDER SETTLEMENT.</DELETED>

<DELETED>    Section 10807 of the Omnibus Public Land Management Act of 
2009 (Public Law 111-11; 123 Stat. 1408) is amended--</DELETED>
        <DELETED>    (1) in subsection (b)(3)--</DELETED>
                <DELETED>    (A) by striking ``There is'' and inserting 
                the following:</DELETED>
                <DELETED>    ``(A) In general.--There is''; 
                and</DELETED>
                <DELETED>    (B) by adding at the end the 
                following:</DELETED>
                <DELETED>    ``(B) Interest payments.--There is 
                authorized to be appropriated to the Secretary for 
                deposit into the Development Fund the interest that 
                would have accrued during the period beginning on 
                October 1, 2009, and ending on January 25, 2016, on 
                balances held in the Development Fund, as calculated 
                using the applicable rate for interest-bearing 
                obligations of the United States if the amounts in the 
                Development Fund had been invested in accordance with--
                </DELETED>
                        <DELETED>    ``(i) the Act of April 1, 1880 (21 
                        Stat. 70, chapter 41; 25 U.S.C. 161); 
                        and</DELETED>
                        <DELETED>    ``(ii) the first section of the 
                        Act of June 24, 1938 (52 Stat. 1037, chapter 
                        648; 25 U.S.C. 162a).''; and</DELETED>
        <DELETED>    (2) in subsection (c)(3)--</DELETED>
                <DELETED>    (A) by striking ``There is'' and inserting 
                the following:</DELETED>
                <DELETED>    ``(A) In general.--There is''; 
                and</DELETED>
                <DELETED>    (B) by adding at the end the 
                following:</DELETED>
                <DELETED>    ``(B) Interest payments.--There is 
                authorized to be appropriated to the Secretary for 
                deposit into the Maintenance Fund the interest that 
                would have accrued during the period beginning on 
                October 1, 2009, and ending on January 25, 2016, on 
                balances held in the Maintenance Fund, as calculated 
                using the applicable rate for interest-bearing 
                obligations of the United States if the amounts in the 
                Maintenance Fund had been invested in accordance with--
                </DELETED>
                        <DELETED>    ``(i) the Act of April 1, 1880 (21 
                        Stat. 70, chapter 41; 25 U.S.C. 161); 
                        and</DELETED>
                        <DELETED>    ``(ii) the first section of the 
                        Act of June 24, 1938 (52 Stat. 1037, chapter 
                        648; 25 U.S.C. 162a).''.</DELETED>

SEC. 2. AUTHORIZATION OF PAYMENT OF ADJUSTED INTEREST ON DEVELOPMENT 
              FUND.

    Section 10807(b)(3) of the Omnibus Public Land Management Act of 
2009 (Public Law 111-11; 123 Stat. 1409) is amended--
            (1) by striking ``There is'' and inserting the following:
                    ``(A) In general.--There is''; and
            (2) by adding at the end the following:
                    ``(B) Adjusted interest payments.--There is 
                authorized to be appropriated to the Secretary for 
                deposit into the Development Fund $5,124,902.12.''.
                                                       Calendar No. 306

117th CONGRESS

  2d Session

                                 S. 648

                          [Report No. 117-93]

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