Page:United States Statutes at Large Volume 116 Part 4.djvu/423

 PUBLIC LAW 107-331—DEC. 13, 2002 116 STAT. 2851 (3) 12.5 percent to be deposited into the trust fund account established under section 606 for the Chickasaw Nation. SEC. 606. TRffiAL TRUST FUNDS. 25 USC 1779d. (a) ESTABLISHMENT, PURPOSE, AND MANAGEMENT OF TRUST FUNDS. — (1) ESTABLISHMENT. —T here are hereby estabhshed in the United States Treasury 3 separate tribal trust fund accounts for the benefit of each of the Indian Nations, respectively, for the purpose of receiving all appropriations made pursuant to section 605(c), and allocated pursuant to section 605(d). (2) AVAILABILITY OF AMOUNTS IN TRUST FUND ACCOUNTS. — Amounts in the tribal trust fund accounts established by this section shall be available to the Secretary for management and investment on behalf of the Indian Nations and distribution to the Indian Nations in accordsince with this title. Funds made available from the tribal trust funds under this section shall be available without fiscal year limitation. (b) MANAGEMENT OF FUNDS. — (1) LAND ACQUISITION. — (A) TRUST LAND STATUS PURSUANT TO REGULATIONS. — The funds appropriated and allocated to the Indian Nations pursuant to sections 205(c) and (d), and deposited into trust fund accounts pursuant to section 606(a), together with any interest earned thereon, may be used for the acquisition of land by the Indian Nations. The Secretary may accept such lands into trust for the beneficiary Indian Nation pursuant to the authority provided in section 5 of the Act of June 18, 1934 (25 U.S.C. 465) and in accordance with the Secretary's trust land acquisition regulations at part 151 of title 25, Code of Federal Regulations, in effect at the time of the acquisition, except for those acquisitions covered by paragraph (1)(B). (B) REQUIRED TRUST LAND STATUS. —Any such trust land acquisitions on behalf of the Cherokee Nation shall be mandatory if the land proposed to be acquired is located within Township 12 North, Range 21 East, in Sequoyah County, Township 11 North, Range 18 East, in Mcintosh County, Townships 11 and 12 North, Range 19 East, or Township 12 North, Range 20 East, in Muskogee County, Oklahoma, and not within the limits of any incorporated municipality as of January 1, 2002, if— (i) the land proposed to be acquired meets the Department of the Interior's minimum environmental standards and requirements for real estate acquisitions set forth in 602 DM 2.6, or any similar successor standards or requirements for real estate acquisitions in effect on the date of acquisition; and (ii) the title to such land meets applicable Federal title standards in effect on the date of the acquisition. (C) OTHER EXPENDITURE OF FUNDS. — The Indian Nations may elect to expend all or a portion of the funds deposited into its trust account for any other purposes authorized under paragraph (2). (2) INVESTMENT OF TRUST FUNDS; NO PER CAPITA PAY- MENT.—

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