109 HR 5779 IH: To establish the treatment of actual rental proceeds from U.S. House of Representatives 2006-07-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 2d Session H. R. 5779 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.

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.