[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2979 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 2979

    To amend the Crow Boundary Settlement Act of 1994 regarding the 
     distribution of capital gains from the Crow Tribal Trust Fund.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 17, 2005

 Mr. Rehberg introduced the following bill; which was referred to the 
                         Committee on Resources

_______________________________________________________________________

                                 A BILL


 
    To amend the Crow Boundary Settlement Act of 1994 regarding the 
     distribution of capital gains from the Crow Tribal Trust Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CROW TRIBAL TRUST FUND.

    Section 6(d) of the Crow Boundary Settlement Act of 1994 (25 U.S.C. 
1776d(d)), is amended--
            (1) in the subsection heading, by inserting ``and Capital 
        Gains'' after ``Interest'';
            (2) in paragraph (1), by striking ``Only'' and inserting 
        ``Except as provided in paragraph (4), only''; and
            (3) by adding at the end the following:
            ``(4) Distribution of capital gains.--Notwithstanding 
        subsection (f), capital gains and any other noninterest income 
        received on funds in the Crow Tribal Trust Fund shall be 
        available for distribution by the Secretary to the Crow Tribe 
        to the extent that the balance in the Crow Tribal Trust Fund 
        (including capital gains) exceeds 85,000,000, for the same uses 
        and subject to the same restrictions in paragraphs (1) and (3) 
        as are applicable to distributions of interest.''.
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