Page:United States Statutes at Large Volume 114 Part 3.djvu/980

 114 STAT. 2002 PUBLIC LAW 106-462—NOV. 7, 2000 "(1) IN GENERAL.—Paragraph (2) shall apply with respect to any undivided interest in allotted land held by the Secretary in trust for a tribe if a lease or agreement under subsection (a) is otherwise applicable to such undivided interest by reason of this section even though the Indian tribe did not consent to the lease or agreement. "(2) APPLICATION OF LEASE. —The lease or agreement described in paragraph (1) shall apply to the portion of the undivided interest in allotted land described in such paragraph (including entitlement of the Indian tribe to payment under the lease or agreement), and the Indian tribe shall not be treated as being a party to the lease or agreement. Nothing in this section (or in the lease or agreement) shall be construed to affect the sovereignty of the Indian tribe. 25 USC 2214. "SEC. 215. ESTABLISHING FAIR MARKET VALUE. "For purposes of this Act, the Secretary may develop a system for establishing the fair market value of various types of lands and improvements. Such a system may include determinations of fair market value based on appropriate geographic units as determined by the Secretary. Such system may govern the amounts offered for the purchase of interests in trust or restricted lands under section 213. 25 USC 2215. "SEC. 216. ACQUISITION FUND. "(a) IN GENERAL. —The Secretary shall establish an Acquisition Fund to— "(1) disburse appropriations authorized to accomplish the purposes of section 213; and "(2) collect all revenues received from the lease, permit, or sale of resources from interests in trust or restricted lands transferred to Indian tribes by the Secretary under section 213 or paid by Indian landowners under section 213(c). "(b) DEPOSITS; USE.— "(1) IN GENERAL.—Subject to paragraph (2), all proceeds from leases, permits, or resource sales derived from an interest in trust or restricted lands described in subsection (a)(2) shall— "(A) be deposited in the Acquisition Fund; and "(B) as specified in advance in appropriations Acts, be available for the purpose of acquiring additional fractional interests in trust or restricted lands. "(2) MAXIMUM DEPOSITS OF PROCEEDS.-With respect to the deposit of proceeds derived from an interest under paragraph (1), the aggregate amount deposited under that paragraph shall not exceed the purchase price of that interest under section 213. 25 USC 2216. "SEC. 217. TRUST AND RESTRICTED LAND TRANSACTIONS. "(a) POLICY.— It is the policy of the United States to encourage and assist the consolidation of land ownership through transactions— " (1) involving individual Indians; "(2) between Indians and the tribal government that exercises jurisdiction over the land; or "(3) between individuals who own an interest in trust and restricted land who wish to convey that interest to an Indian or the tribal government that exercises jurisdiction over the parcel of land involved;

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