Page:United States Statutes at Large Volume 118.djvu/581

 118 STAT. 551 PUBLIC LAW 108–204—MAR. 2, 2004 Claims Court, less attorney fees and litigation expenses, and including all interest accrued to the date of disbursement, shall be distributed by the Secretary and deposited into 3 separate accounts to be established and maintained by the Quinault Indian Nation (referred to in this title as the ‘‘Tribe’’) in accordance with this subsection. (2) ACCOUNT FOR PRINCIPAL AMOUNT.— (A) IN GENERAL.—The Tribe shall— (i) establish an account for the principal amount of the judgment funds; and (ii) use those funds to establish a Permanent Fish eries Fund. (B) USE AND INVESTMENT.—The principal amount described in subparagraph (A)(i)— (i) except as provided in subparagraph (A)(ii), shall not be expended by the Tribe; and (ii) shall be invested by the Tribe in accordance with the investment policy of the Tribe. (3) ACCOUNT FOR INVESTMENT INCOME.— (A) IN GENERAL.—The Tribe shall establish an account for, and deposit in the account, all investment income earned on amounts in the Permanent Fisheries Fund estab lished under paragraph (2)(A)(ii) after the date of distribu tion of the funds to the Tribe under paragraph (1). (B) USE OF FUNDS.—Funds deposited in the account established under subparagraph (A) shall be available to the Tribe— (i) subject to subparagraph (C), to carry out fish eries enhancement projects; and (ii) pay expenses incurred in administering the Permanent Fisheries Fund established under para graph (2)(A)(ii). (C) SPECIFICATION OF PROJECTS.—Each fisheries enhancement project carried out under subparagraph (B)(i) shall be specified in the approved annual budget of the Tribe. (4) ACCOUNT FOR INCOME ON JUDGMENT FUNDS.— (A) IN GENERAL.—The Tribe shall establish an account for, and deposit in the account, all investment income earned on the judgment funds described in subsection (a) during the period beginning on September 19, 1989, and ending on the date of distribution of the funds to the Tribe under paragraph (1). (B) USE OF FUNDS.— (i) IN GENERAL.—Subject to clause (ii), funds depos ited in the account established under subparagraph (A) shall be available to the Tribe for use in carrying out tribal government activities. (ii) SPECIFICATION OF ACTIVITIES.—Each tribal government activity carried out under clause (i) shall be specified in the approved annual budget of the Tribe. (b) DETERMINATION OF AMOUNT OF FUNDS AVAILABLE.—Subject to compliance by the Tribe with paragraphs (3)(C) and (4)(B)(ii) of subsection (a), the Quinault Business Committee, as the gov erning body of the Tribe, may determine the amount of funds available for expenditure under paragraphs (3) and (4) of subsection (a).

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