Page:United States Statutes at Large Volume 113 Part 3.djvu/267

 PUBLIC LAW 106-163—DEC. 9, 1999 113 STAT. 1785 for in this Act and in accordance with the authorizations for appropriations in paragraphs (1), (2), and (3) of section 105(a), together with all interest that accrues in the Fund. (B) MANAGEMENT BY SECRETARY.—The Secretary shall manage the Fund, make investments from the Fund, and make available funds from the Fund for distribution to the Tribe in a manner consistent with the American Indian Trust Fund Management Reform Act of 1994 (25 U.S.C. 4001 et seq.). (2) TRIBAL MANAGEMENT.— (A) IN GENERAL.—If the Tribe exercises its right pursuant to subsection (a)(4) to withdraw the Fund and deposit it in a private financial institution, except as provided in the withdrawal plan, neither the Secretary nor the Secretary of the Treasury shall retain any oversight over or liability for the accounting, disbursement, or investment of the funds. (B) WITHDRAWAL PLAN. —The withdrawal plan referred to in subparagraph (A) shall provide for— (i) the creation of accounts and allocation to accounts in a fund established under the plan in a manner consistent with subsection (a); and (ii) the appropriate terms and conditions, if any, on expenditures from the fund (in addition to the requirements of the plans set forth in paragraphs (2) and (3) of subsection (c)). (c) USE OF FUND. —The Tribe shall use the Fund to fulfill the purposes of this Act, subject to the following restrictions on expenditures: (1) Except for $400,000 necessary for capital expenditures in connection with Tribal Compact Administration, only interest accrued on the Tribal Compact Administration Account referred to in subsection (a)(5)(A) shall be available to satisfy the Tribe's obligations for Tribal Compact Administration under the provisions of the Compact. (2) Both principal and accrued interest on the Economic Development Account referred to in subsection (a)(5)(B) shall be available to the Tribe for expenditure pursuant to an economic development plan approved by the Secretary. (3) Both principal and accrued interest on the Future Water Supply Facilities Account referred to in subsection (a)(5)(C) shall be available to the Tribe for expenditure pursuant to a water supply plan approved by the Secretary. (d) INVESTMENT OF FUND.— (1) IN GENERAL.— (A) APPLICABLE LAWS.— The Secretary shall invest amounts in the Fund in accordance with— (i) the Act of April 1, 1880 (21 Stat. 70, chapter 41; 25 U.S.C. 161); (ii) the first section of the Act entitled "An Act to authorize the payment of interest of certain funds held in trust by the United States for Indian tribes", approved February 12, 1929 (25 U.S.C. 161a); and (iii) the first section of the Act entitled "An Act to authorize the deposit and investment of Indian funds", approved June 24, 1938 (25 U.S.C. 162a).

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