II 109th CONGRESS 1st Session S. 1480 IN THE SENATE OF THE UNITED STATES July 26, 2005 Mr. McCain (for himself, Mr. Dorgan, and Mr. Johnson) introduced the following bill; which was read twice, considered, read the third time, and passed 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.