Page:United States Statutes at Large Volume 114 Part 4.djvu/305

 PUBLIC LAW 106-511—NOV. 13, 2000 114 STAT. 2367 first day of the first fiscal year that begins after the date of enactment of this Act and compounded annually thereafter. (c) INVESTMENT OF TRUST FUND. — It shall be the duty of the Secretary of the Treasury to invest such portion of the Fund as is not, in the Secretary of the Treasures judgment, required to meet current withdrawals. Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. The Secretary of the Treasury shall deposit interest resulting from such investments into the Fund. (d) PAYMENT OF INTEREST TO TRIBE.— (1) WITHDRAWAL OF INTEREST. —Beginning on the first day Effective date. of the 11th fiscal year after the date of enactment of this Act and, on the first day of each fiscal year thereafter, the Secretary of the Treasury shall withdraw the aggregate amount of interest deposited into the Fund for that fiscal year and transfer that amount to the Secretary of the Interior for use in accordance with paragraph (2). Each amount so transferred shall be available without fiscal year limitation. (2) PAYMENTS TO TRIBE.— (A) IN GENERAL.—The Secretary of the Interior shall use the amounts transferred under paragraph (1) only for the purpose of making payments to the Tribe, as such payments are requested by the Tribe pursuant to tribal resolution. (B) LIMITATION. —Payments may be made by the Secretary of the Interior under subparagraph (A) only after the Tribe has adopted a plan under subsection (f). (C) USE OF PAYMENTS BY TRIBE.— The Tribe shall use the payments made under subparagraph (B) only for carrying out projects and programs under the plan prepared under subsection (f). (e) TRANSFERS AND WITHDRAWALS.—Except as provided in subsections (c) and (d)(1), the Secretary of the Treasury may not transfer or withdraw any amount deposited under subsection (b). if) PLAN. — (1) IN GENERAL.— Not later than 18 months after the date Deadline. of enactment of this Act, the governing body of the Tribe shall prepare a plan for the use of the payments to the Tribe under subsection (d) (referred to in this subsection as the "plan"). (2) CONTENTS OF PLAN. — The plan shall provide for the manner in which the Tribe shall expend payments to the Tribe under subsection (d) to promote— (A) economic development; (B) infi*astructure development; (C) the educational, health, recreational, and social welfare objectives of the Tribe and its members; or (D) any combination of the activities described in subparagraphs (A) through (C). (3) PLAN REVIEW AND REVISION.— (A) IN GENERAL. —The Tribal Council shall make available for review and comment by the members of the Tribe a copy of the plan before the plan becomes final, in accordance with procedures established by the Tribal Council. (B) UPDATING OF PLAN.— The Tribal Council may, on an annual basis, revise the plan to update the plan. In

�