A bill to amend the Fallon Paiute Shoshone Indian Tribes Water Rights Settlement Act of 1990.

Bill: 109-s-1484
Sponsor: Sen. Reid, Harry [D-NV]
Introduced: 2005-07-26 in the Senate
Policy area: Native Americans
Subjects: Economics and Public Finance
Fees
Finance and Financial Sector
Government trust funds
Housing and Community Development
Indian economic development
Indian water rights
Investments
Minorities
Nevada
Water Resources Development

Summary:
action_date: 2005-07-26
text: 
Amends the Fallon Paiute Shoshone Indian Tribes Water Rights Settlement Act of 1990 to revise Settlement Fund requirements. Specifies a formula for determining the amount of Fund income that may be expended or obligated for certain purposes. Adds to such purposes any fees and expenses incurred in connection with the investment of the Fund, for investment management, investment consulting, custodianship, and other transactional services or matters.
 
Provides that no monies from the Fund other than certain amounts authorized may be expended or obligated for any purpose.
 
Authorizes the expenditure or obligation for per capita distributions to tribal members, in addition to certain already authorized Fund amounts, of any unexpended or unobligated portion of the Annual 1.2% Amount from any of the three immediately preceding Fund fiscal years subsequent to Fund FY 2005 (minus any accrued negative income).
 
Directs the Fallon Business Council to amend promptly the original Fund plan for purposes of conforming it to the Fallon Paiute Shoshone Tribal Settlement Act, and making certain nonsubstantive updates, improvements, or corrections.

action_date: 2005-07-26
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Amends the Fallon Paiute Shoshone Indian Tribes Water Rights Settlement Act of 1990 to revise Settlement Fund requirements. Specifies a formula for determining the amount of Fund income that may be expended or obligated for certain purposes. Adds to such purposes any fees and expenses incurred in connection with the investment of the Fund, for investment management, investment consulting, custodianship, and other transactional services or matters.
 
Provides that no monies from the Fund other than certain amounts authorized may be expended or obligated for any purpose.
 
Authorizes the expenditure or obligation for per capita distributions to tribal members, in addition to certain already authorized Fund amounts, of any unexpended or unobligated portion of the Annual 1.2% Amount from any of the three immediately preceding Fund fiscal years subsequent to Fund FY 2005 (minus any accrued negative income).
 
Directs the Fallon Business Council to amend promptly the original Fund plan for purposes of conforming it to the Fallon Paiute Shoshone Tribal Settlement Act, and making certain nonsubstantive updates, improvements, or corrections.


Legislative actions:
action_date: 2005-08-01
text: Referred to the Subcommittee on Water and Power.
action_date: 2005-07-27
text: Referred to the House Committee on Resources.
action_date: 2005-07-27
text: Message on Senate action sent to the House.
action_date: 2005-07-27
text: Received in the House.
action_date: 2005-07-26
text: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S9053-9055; text as passed Senate: S9054-9055)
action_date: 2005-07-26
text: Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S9053-9055; text as passed Senate: S9054-9055)
action_date: 2005-07-26
text: Introduced in Senate