Page:United States Statutes at Large Volume 100 Part 1.djvu/710

 PUBLIC LAW 99-346—JUNE 30, 1986

100 STAT. 674

Public Law 99-346 99th Congress An Act June 30, 1986 [S. 1106]

Saginaw Chippewa Indian Tribe of Michigan Distribution of Judgment Funds Act. Claims. Securities.

To provide for the use and distribution of funds appropriated in satisfaction of judgments awarded to the Saginaw Chippewa Tribe of Michigan in dockets numbered 57, 59, and 13E of the Indian Claims Commission and docket numbered 13F of the United States Claims Court, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, 5* ^r.Q

SHORT TITLE; DEFINITIONS

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1. (a) This Act may be cited as the "Saginaw Chippewa Indian Tribe of Michigan Distribution of Judgment Funds Act", (b) For purposes of this Act— (1) The term "tribe" means the Saginaw Chippewa Indian Tribe of Michigan. (2) The term "Tribal Council" means the Saginaw Chippewa Tribal Council. (3) The term "Secretary" means the Secretary of the Interior. SECTION

ABROGATION OF PRIOR PLAN

SEC. 2. Notwithstanding Public Law 93-134 (25 U.S.C. 1401 et seq.) or any plan prepared or regulation promulgated by the Secretary pursuant to such law— (1) the funds appropriated in satisfaction of judgments awarded the tribe in dockets numbered 59 and 13E of the Indian Claims Commission, and (2) the balance of any undistributed funds appropriated in satisfaction of the judgments awarded the tribe in docket numbered 57 of the Indian Claims Commission and docket numbered 13F of the United States Claims Court, and any interest or investment income accrued on the amount of such funds on or before the date of any transfer made pursuant to section 5 or 8 (less any attorneys' fees and court costs), shall be distributed and used in accordance with the provisions of this Act. INVESTMENT FUND

SEC. 3. (a)(1) The tribe, through the Tribal Council, shall establish a trust fund for the benefit of the tribe which shall be known as the "Investment Fund". The principal of the Investment Fund shall consist of— (A) the funds transferred by the Secretary to the Tribal Council pursuant to section 5(a), (B) the amounts required to be included in principal under subsection (c) or section 8(c), (C) such portion of the funds paid to the Tribal Council under section 8(a) as the Tribal Council may elect to add to the principal, and

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