[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5779 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 5779

  To establish the treatment of actual rental proceeds from leases of 
  land acquired under an Act providing for loans to Indian tribes and 
                          tribal corporations.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 12, 2006

Mr. Udall of Colorado introduced the following bill; which was referred 
                     to the Committee on Resources

_______________________________________________________________________

                                 A BILL


 
  To establish the treatment of actual rental proceeds from leases of 
  land acquired under an Act providing for loans to Indian tribes and 
                          tribal corporations.

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

SECTION 1. CERTIFICATION OF RENTAL PROCEEDS.

    Notwithstanding any other provision of law, any actual rental 
proceeds from the lease of land acquired under the first section of the 
Act entitled ``An Act to provide for loans to Indian tribes and tribal 
corporations, and for other purposes'' (25 U.S.C. 488) certified by the 
Secretary of the Interior shall be deemed--
            (1) to constitute the rental value of that land; and
            (2) to satisfy the requirement for appraisal of that land.
                                 <all>