Technical Correction to the Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights Settlement Act of 2020

Bill: 116-s-3754
Sponsor: full_name: Sen. Cortez Masto, Catherine [D-NV]
Introduced: 2020-05-18
Policy area: Native Americans
Subjects: Federal-Indian relations

Government trust funds

Idaho

Indian claims

Indian lands and resources rights

Interest, dividends, interest rates

Nevada

Water resources funding

Water use and supply
Latest action: action_date: 2020-05-18
text: Read twice and referred to the Committee on Indian Affairs.

Summaries:
action_date: 2020-05-18
action_desc: Introduced in Senate
text: <p><b>Technical Correction to the Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights Settlement Act of 2020</b></p> <p>This bill directs the Department of the Interior to deposit specified interest payments into the Shoshone-Paiute Tribes Water Rights Development Fund and the Shoshone-Paiute Tribes Operation and Maintenance Fund. These funds were established under the water rights settlement agreement for the Shoshone-Paiute Tribes of the Duck Valley Reservation.</p>

tv_txt: II 116th CONGRESS 2d Session S. 3754 IN THE SENATE OF THE UNITED STATES May 18, 2020 Ms. Cortez Masto (for herself and Mr. Crapo ) introduced the following bill; which was read twice and referred to the Committee on Indian Affairs A BILL 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.

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 2020 . 2. Authorization of payment of interest on trust funds established under settlement Section 10807 of the Omnibus Public Land Management Act of 2009 ( Public Law 111–11 ; 123 Stat. 1408) is amended— (1) in subsection (b)(3)— (A) by striking There is and inserting the following: (A) In general There is ; and (B) by adding at the end the following: (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— (i) the Act of April 1, 1880 (21 Stat. 70, chapter 41; 25 U.S.C. 161 ); and (ii) the first section of the Act of June 24, 1938 (52 Stat. 1037, chapter 648; 25 U.S.C. 162a ). ; and (2) in subsection (c)(3)— (A) by striking There is and inserting the following: (A) In general There is ; and (B) by adding at the end the following: (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— (i) the Act of April 1, 1880 (21 Stat. 70, chapter 41; 25 U.S.C. 161 ); and (ii) the first section of the Act of June 24, 1938 (52 Stat. 1037, chapter 648; 25 U.S.C. 162a ). .