SECTION 1. INDIAN EDUCATION ASSISTANCE TRUST FUNDS.

    (a) Establishment.--
            (1) Arizona fund.--
                    (A) In general.--There is established in the 
                Treasury of the United States a fund to be known as the 
                Interim Arizona InterTribal Education Assistance Trust 
                Fund subject to the same conditions as described for 
                the Arizona InterTribal Trust Fund in subsections (c) 
                and (d) of section 405 of the Arizona-Idaho 
                Conservation Act of 1988, Public Law 100-696 
                (hereinafter ``the Act'').
                    (B) Amounts in fund.--The fund established in 
                subparagraph (A) shall consist of such amounts as are 
                appropriated and allocated to the fund pursuant to 
                subsection (b).
            (2) Navajo fund.--
                    (A) In general.--There is established in the 
                Treasury of the United States a fund to be known as the 
                Interim Navajo Education Assistance Trust Fund subject 
                to the same conditions as described for the Navajo 
                Trust Fund in subsections (c) and (d) of section 405 of 
                the Act.
                    (B) Amounts in fund.--The fund established in 
                subparagraph (A) shall consist of such amounts as are 
                appropriated and allocated to the fund pursuant to 
                subsection (b).
    (b) Authorization of Appropriations.--
            (1) In general.--There are authorized to be appropriated an 
        aggregate of $34,900,000 to the funds established in subsection 
        (a) to be allocated in accordance with paragraph (2). In no 
        case shall moneys appropriated pursuant to this authorization 
        diminish or otherwise reduce any Indian account.
            (2) Allocation.--
                    (A) Arizona fund.--Sums appropriated pursuant to 
                paragraph (1) shall be allocated to the fund 
                established in subsection (a)(1) in the same manner as 
                sums are allocated to the Arizona InterTribal Trust 
                Fund pursuant to section 405 of the Act.
                    (B) Navajo fund.--Sums appropriated pursuant to 
                paragraph (1) shall be allocated to the fund 
                established in subsection (a)(2) in the same manner as 
                sums are allocated to the Navajo Trust Fund pursuant to 
                section 405 of such Act.
    (c) Reimbursement.--
            (1) In general.--
                    (A) Full appropriation.--Notwithstanding title IV 
                of such Act, if the full amount specified in subsection 
                (b)(1) is appropriated and allocated in accordance with 
                subsection (b) prior to the date on which the first 
                annual payment is required to be made by Collier to the 
                Arizona InterTribal Trust Fund and the Navajo Trust 
                Fund under title IV of such Act, and the Trust Fund 
                Payment Agreement required under section 403 of such 
                Act, the Secretary of the Interior shall direct Collier 
                to pay to the Secretary of the Treasury for deposit 
                into the general fund of the Treasury any amounts 
                otherwise due and payable to the United States under 
                the Trust Fund Payment Agreement, in lieu of and in 
                full satisfaction of payment to the United States by 
                Collier for deposit into the Arizona InterTribal Trust 
                Fund and the Navajo Trust Fund pursuant to title IV of 
                such Act and such Trust Fund Payment Agreement.
                    (B) Partial appropriation.--Notwithstanding title 
                IV of such Act, if less than the amount specified in 
                subsection (b)(1) is appropriated and allocated in 
                accordance with subsection (b) prior to the date 
                described in subparagraph (A), at such time as Collier 
                is required to make any payment under the Trust Fund 
                Payment Agreement described under subparagraph (A), the 
                Secretary of the Interior shall direct Collier to pay, 
                in full satisfaction and in lieu of such payment--
                            (i) to the Secretary of the Treasury for 
                        deposit into the general fund of the Treasury, 
                        an amount which bears the same proportion to 
                        the total amount of such payment as the total 
                        of the sums appropriated pursuant to subsection 
                        (b) bears to $34,900,000, and
                            (ii) to the Secretary of the Interior for 
                        deposit into the Arizona InterTribal Trust Fund 
                        and Navajo Trust Fund, in accordance with 
                        section 405 of the Act, the remainder of each 
                        such payment.
            (2) Definition.--As used in this subsection, the term 
        ``Collier'' has the meaning provided under section 401(5) of 
        such Act.
    (d) Termination.--
            (1) In general.--The funds established in subsection (a) 
        shall terminate on the date of the first Collier payment 
        described in subsection (c)(1)(A).
            (2) Transfer of remaining sums.--Upon termination under 
        paragraph (1)--
                    (A) The Secretary of the Treasury shall transfer 
                any sums remaining in the fund established in 
                subsection (a)(1) to the Arizona InterTribal Trust Fund 
                established under section 405(a) of such Act; and
                    (B) The Secretary of the Treasury shall transfer 
                any sums remaining in the fund established in 
                subsection (a)(2) to the Navajo Trust Fund established 
                under section 405(a) of such Act.
    (e) No funds appropriated under this Act shall be available to the 
InterTribal Council in Arizona (ITCA) and Navajo Tribe (as defined in 
section 401 of the Act) or be deposited into the Interim Trust Funds 
established by section 1 of this Act unless the ITCA and Navajo Tribe 
provide written consent to the method of payment established in this 
Act in lieu of the method of payment provided in the Act and the Trust 
Fund Payment Agreement authorized by the Act.
Output: Establishes in the Treasury the Interim Arizona InterTribal Education Assistance Trust Fund and the Interim Navajo Education Assistance Trust Fund (interim education funds).  Subjects such funds to the same conditions as those for the Arizona InterTribal Trust Fund and the Navajo Trust Fund (permanent funds) under the Arizona-Idaho Conservation Act of 1988. 
Authorizes appropriations.  Requires reimbursement of such sums to the Treasury by the Barron Collier Co. in fulfillment of its obligations under such Act.