<?xml version="1.0"?>
<?xml-stylesheet type="text/xsl" href="billres.xsl"?>
<!DOCTYPE bill PUBLIC "-//US Congress//DTDs/bill.dtd//EN" "bill.dtd">
<bill bill-stage="Introduced-in-House" dms-id="H4D170ABCE8E04954B5B848355065C4E8" public-private="public" bill-type="olc"> 
<form> 
<distribution-code display="yes">I</distribution-code> 
<congress>111th CONGRESS</congress> <session>1st Session</session> 
<legis-num>H. R. 4384</legis-num> 
<current-chamber>IN THE HOUSE OF REPRESENTATIVES</current-chamber> 
<action> 
<action-date date="20091216">December 16, 2009</action-date> 
<action-desc><sponsor name-id="M001142">Mr. Matheson</sponsor> introduced the following bill; which was referred to the <committee-name committee-id="HII00">Committee on Natural Resources</committee-name></action-desc> 
</action> 
<legis-type>A BILL</legis-type> 
<official-title>To establish the Utah Navajo Trust Fund Commission, and for other purposes.</official-title> 
</form> 
<legis-body id="HFA4A4D439BFB4112B27CD2B8AC82FA12" style="OLC"> 
<section id="HF543013DF0D64A739BEBD17CFB5F17FF" section-type="section-one"><enum>1.</enum><header>Short title</header><text display-inline="no-display-inline">This Act shall be cited as the <quote><short-title>Utah Navajo Trust Fund Act of 2009</short-title></quote>.</text></section> 
<section id="H2061D2B16E01425C9762466F6AA4F527"><enum>2.</enum><header>Definitions</header><text display-inline="no-display-inline">In this Act:</text> 
<paragraph id="H4157F8AED62E4E95BA5574F507BA2475"><enum>(1)</enum><header>Audit</header><text display-inline="yes-display-inline">The term <term>audit</term> means an audit using accounting procedures that conform to generally accepted accounting principles and auditing procedures that conform to chapter 75 of title 31, United States Code (commonly known as the <quote>Single Audit Act</quote> of 1984).</text></paragraph> 
<paragraph id="H8BDF5B16573A4F04B621CD1B08BBA894"><enum>(2)</enum><header>Beneficiary</header><text display-inline="yes-display-inline">The term <term>beneficiary</term> means an enrolled member of the federally recognized Indian tribe, the Navajo Nation, who resides in San Juan County, Utah and is listed on a Chapter’s roll of members.</text></paragraph> 
<paragraph id="HDB7861A9A44B44468632311C86DD5259"><enum>(3)</enum><header>Election Board</header><text display-inline="yes-display-inline">The term <term>Election Board</term> means all of the Utah Navajo Chapter Presidents and Vice-Presidents.</text></paragraph> 
<paragraph id="H696CD841877446859EBA61B47CA282DE"><enum>(4)</enum><header>Income</header><text display-inline="yes-display-inline">The term <term>income</term> means all revenues from investments made by the Trustee of the trust fund principal, including income from the lease of Trust assets or from any other source.</text></paragraph> 
<paragraph id="H593A4EFBCE1B4A5DB6A77B745DF8CFAA"><enum>(5)</enum><header>Principal</header><text display-inline="yes-display-inline">The term <term>principal</term> means—</text> 
<subparagraph id="HFDBCF1C622CB40D280CF4D1CDDFC2FC9"><enum>(A)</enum><text display-inline="yes-display-inline">the balance of the Trust Fund as of the date the moneys are received from the State of Utah in accordance with section 12; and</text></subparagraph> 
<subparagraph id="H65D19217CCE2482BA3FF44DE3CD98E31"><enum>(B)</enum><text>all moneys transferred into the Trust Fund from royalties received as specified in the 1933 Act.</text></subparagraph></paragraph> 
<paragraph id="H91D90CF1F2774C2DAA7FD5E64CE9660D"><enum>(6)</enum><header>State</header><text display-inline="yes-display-inline">The term <term>State</term> means the State of Utah.</text></paragraph> 
<paragraph id="H6288B6A81CFE44B1B3445772C4296D66"><enum>(7)</enum><header>Trust</header><text display-inline="yes-display-inline">The term <term>Trust</term> means the Utah Navajo Trust Fund established in section 12.</text></paragraph> 
<paragraph id="HC4549C9183094E9C8D184C6ACC10D4D2"><enum>(8)</enum><header>Trust administrator</header><text display-inline="yes-display-inline">The term <term>Trust Administrator</term> means the professional trust administrator hired by the Utah Navajo Trust Fund Commission to perform the duties and responsibilities as provided in section 11.</text></paragraph> 
<paragraph id="HD0EBDAF1BE48467B9466EAA41DAF69E7"><enum>(9)</enum><header>Trust asset</header><text display-inline="yes-display-inline">The term <term>Trust asset</term> means any tangible property (such as land, buildings, cash, stocks, and bonds) held by the Trust Administrator for the benefit of the beneficiaries.</text></paragraph> 
<paragraph id="HEAC738DFB1FE4695AEF3D33E144AEB48"><enum>(10)</enum><header>Trust funds</header><text display-inline="yes-display-inline">The term <term>Trust funds</term> means—</text> 
<subparagraph id="HFF5212A6F80547ED87EA0EC22A2563F5"><enum>(A)</enum><text display-inline="yes-display-inline">all moneys transferred into the Utah Navajo Trust Fund from royalties received as specified in the 1933 Act;</text></subparagraph> 
<subparagraph id="HC35F9E6762894F1AAF391F8FFB209B5E"><enum>(B)</enum><text display-inline="yes-display-inline">all moneys or proceeds derived from Trust assets;</text></subparagraph> 
<subparagraph id="HE64972AA57314BE4B41D67F3D182E530"><enum>(C)</enum><text display-inline="yes-display-inline">all investment income derived from the funds in subparagraphs (A) and (B); and funds held by the Trust Administrator for the benefit of the beneficiaries; and</text></subparagraph> 
<subparagraph id="H88E9776ADE3D400482857B0AAF027C6A"><enum>(D)</enum><text>the funds and assets transferred from the State of Utah pursuant to section 12.</text></subparagraph></paragraph> 
<paragraph id="H79B5697CE94D4223A5E98C5EDCF5C3E1"><enum>(11)</enum><header>Utah Navajo Trust Fund Commission; Commission</header><text display-inline="yes-display-inline">The term <term>Utah Navajo Trust Fund Commission</term> or <term>Commission</term> means the entity comprising the representatives elected by the beneficiaries in accordance with this Act.</text></paragraph> 
<paragraph id="HC179CA17CA3944BA8AF29CA991E0CAB9"><enum>(12)</enum><header>Utah Navajo Chapters; Chapters</header><text display-inline="yes-display-inline">The term <term>Utah Navajo Chapters</term> or <term>Chapters</term> means the following chapters of the federally recognized Indian tribe, the Navajo Nation:</text> 
<subparagraph id="HCAF04AB480DD469DBC1951E0DCDC18D3"><enum>(A)</enum><text display-inline="yes-display-inline">Aneth Chapter.</text></subparagraph> 
<subparagraph id="HA411854F6BFB4075AA0821B5047C0E79"><enum>(B)</enum><text>Mexican Water Chapter.</text></subparagraph> 
<subparagraph id="H8841813B742E4351B4993067F9FC37E2"><enum>(C)</enum><text display-inline="yes-display-inline">Navajo Mountain Chapter.</text></subparagraph> 
<subparagraph id="HB1A700CAEAB64D7692393B085F240E36"><enum>(D)</enum><text display-inline="yes-display-inline">Oljato Chapter.</text></subparagraph> 
<subparagraph id="H6F802BE4055543358E506A8EDE98B2F5"><enum>(E)</enum><text display-inline="yes-display-inline">Dennehoto Chapter.</text></subparagraph> 
<subparagraph id="H4C641EB0625D41E887331CC153C04A65"><enum>(F)</enum><text display-inline="yes-display-inline">Red Mesa Chapter.</text></subparagraph> 
<subparagraph id="HE6D0938C8EC142C1A4E02926954FEEB5"><enum>(G)</enum><text display-inline="yes-display-inline">Teec Nos Pos Chapter.</text></subparagraph></paragraph></section> 
<section id="H783DF862349F4A598BFAF97EEB9AE444" commented="no"><enum>3.</enum><header>Amendment to provide for the use of royalties</header><text display-inline="no-display-inline">The Act titled <quote>An Act to permanently set aside certain lands in Utah as an addition to the Navajo Indian Reservation, and for other purposes</quote>, approved March 18, 1933 (47 Stat. 1418), is amended in the first section by striking <quote>paid to the State of Utah</quote> and all that follows through the end of that section and inserting <quote>deposited into the <quote>Utah Navajo Trust Fund</quote> established pursuant to section 12 of the Utah Navajo Trust Fund Act of 2009.</quote>.</text></section> 
<section id="HE4B2703CB26C45D8A89D02B80A0D1FA3"><enum>4.</enum><header>Election of Utah Navajo Trust Fund Commission</header> 
<subsection id="H19ECD19EBEC74B5EB3EFD396E1FADAB8"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Not later than 60 days from the date of enactment of this Act, each Utah Navajo Chapter shall conduct, by secret ballot, an election in accordance with this Act for the purpose of selecting a representative to the Utah Navajo Trust Fund Commission. All Chapters shall conduct their elections on the same day.</text></subsection> 
<subsection id="HDF5FBCEF5EAB4DCEA50BA74503DE5700"><enum>(b)</enum><header>Candidates; voters</header><text display-inline="yes-display-inline">Each Utah Navajo Chapter shall, by resolution in an open meeting, determine which candidates for representative to the Utah Navajo Trust Fund Commission meet the criteria set forth in section 9 and are able to carry out the duties specified in this Act. Each candidate that a Utah Navajo Chapter determines meets the criteria in section 9 and who is able to carry out the duties specified in this Act shall be placed on the ballot as a potential representative to the Utah Navajo Trust Fund Commission for a vote by the beneficiaries who are 18 years of age or older and are registered with that Chapter. Eligible voters within this section are not limited to voters who voted in the last election. Only voters registered with the Chapter conducting the election for a representative to the Utah Navajo Trust Fund Commission and who are beneficiaries of the Trust are eligible to vote on that chapter ballot.</text></subsection> 
<subsection id="H75C27F121F944D3F868E1EADEF9EE2AD"><enum>(c)</enum><header>Reimbursement for costs</header><text display-inline="yes-display-inline">The reasonable costs of conducting the election, as determined in the Commission’s discretion, may be reimbursed from the Trust, at the discretion of the Utah Navajo Trust Fund Commission, to each Utah Navajo Chapter within 90 days of receipt of the Trust assets transferred pursuant to section 12, and if not reimbursed by that time, reimbursement is no longer allowed. If the Commission determines to reimburse the reasonable costs for one Utah Navajo Chapter, the Commission must reimburse the reasonable costs for all Chapters.</text></subsection></section> 
<section id="H45EE622D810A4F60BB3C7A52FA2AC1E0"><enum>5.</enum><header>Notice of election</header><text display-inline="no-display-inline">Once an election is set by each Utah Navajo Chapter to elect a representative to the Utah Navajo Trust Fund Commission, each Chapter shall publish notice of the election in accordance with this Act. Notice of the election is sufficient if published at least once for two consecutive weeks in a newspaper of reservation wide and San Juan County wide distribution. Each Chapter may provide other notice as appropriate. The notice shall contain—</text> 
<paragraph id="H210345D0D53E45698AC72867687C29B0"><enum>(1)</enum><text>the date of the election;</text></paragraph> 
<paragraph id="HC49C9CA91E034495B60FDC08EFD79451"><enum>(2)</enum><text>a descriptive summary of the purpose of the election;</text></paragraph> 
<paragraph id="H62DA198CD486499287089A144958DA9E"><enum>(3)</enum><text>a descriptive summary of each candidate for that Chapter’s representative to the Utah Navajo Trust Fund Commission;</text></paragraph> 
<paragraph id="H1323E37F1C0846CFA3D622CB863C4A64"><enum>(4)</enum><text>a brief statement of the legal effect of the proposed measure as it will appear on the ballot; </text></paragraph> 
<paragraph id="HEC70EEF748D04E7CA794056FBC7DDCA3"><enum>(5)</enum><text>a citation to the Chapter resolution referenced in section 4(b) where the Chapter has determined that each applicant listed on the ballot meets the criteria set forth in this Act;</text></paragraph> 
<paragraph id="HC365C457DBE24479B3FAA5542EBC677C"><enum>(6)</enum><text>notice that copies of the complete text of the referendum measure and copies of each determination that a candidate meets the requirements of the Act are available for inspection or purchase (duplication cost only) at the Chapter Office for 15 days prior to the election; and</text></paragraph> 
<paragraph id="HE079E65E80DE42AF96C4A9BD7E222E94"><enum>(7)</enum><text>a specific statement that the candidate who receives the highest number of votes from that Chapter’s election shall be the Chapter’s representative to the Utah Navajo Trust Fund Commission.</text></paragraph></section> 
<section id="HE3A37AE689C244B98E59E9A1AF9EDE39"><enum>6.</enum><header>Form of ballot</header><text display-inline="no-display-inline">Each Chapter shall prepare the official ballot for the election of a representative to the Utah Navajo Trust Fund Commission in the following manner:</text> 
<paragraph id="H1D0B0CC5B6014B64BF0645B033E2DF5B"><enum>(1)</enum><text display-inline="yes-display-inline">The official title of the referendum measure shall be printed on the official ballot. The official title of the referendum measure to be voted upon shall be agreed upon by all Chapters.</text></paragraph> 
<paragraph id="H77F8BAA5BC0842319AFAF7B21CB1D1F2"><enum>(2)</enum><text display-inline="yes-display-inline">A descriptive summary of the referendum measure shall be prepared by each Chapter and printed on the official ballot following the official title. The descriptive summary shall provide the registered voters with an unbiased objective summary of the effect of a vote. The referendum shall specifically state that the candidate receiving the highest number of votes shall be selected as that Chapter’s representative to the Utah Navajo Trust Fund Commission. The Chapters may obtain independent legal assistance in drafting the descriptive summary.</text></paragraph> 
<paragraph id="HE417A8D2160C406A88CF738B3F394D06"><enum>(3)</enum><text display-inline="yes-display-inline">Following the official title and descriptive summary of the referendum measure, a brief statement of legal effect shall be printed on the ballot. A brief statement of legal effect shall, in a brief and objective phrase, explain the resulting effect a “yes” or “for” and “no” or “against” vote will have on existing law when a candidate receives the highest number of votes cast in that particular manner. The brief statement of legal effect shall be agreed upon by all Chapters. The Chapters may obtain independent legal advice in drafting the brief statement of legal effect. The brief statement of legal effect shall appear on the ballot as follows:</text> 
<subparagraph id="H71262C5B791442FBAAA2C5307E38AE28"><enum>(A)</enum><text display-inline="yes-display-inline">A <quote>yes</quote> (or <quote>for</quote>) vote shall have the legal effect of ___ (the blank to be filled in as appropriate).</text></subparagraph> 
<subparagraph id="H81928FDC7A0F4D27AE1F8FCA9EDC29C2"><enum>(B)</enum><text display-inline="yes-display-inline">A <quote>not</quote> (or <quote>against</quote>) vote shall have the legal effect of ___ (the blank to be filled in as appropriate).</text></subparagraph></paragraph> 
<paragraph id="H96BC460C3F6E4F6B8D3480F0DC6E6361"><enum>(4)</enum><text display-inline="yes-display-inline">Below the brief statement of legal effect there shall be printed on the ballot the corresponding words <quote>yes</quote> or <quote>for</quote> and <quote>no</quote> or <quote>against</quote>, as may be appropriate, and a place for the voter to put a mark indicating his/her preference. Each voter may only vote once and may only vote <quote>yes</quote> or <quote>for</quote> for one candidate.</text></paragraph> 
<paragraph id="HD4B08B04140543EFB8E4C6102DA2F567"><enum>(5)</enum><text display-inline="yes-display-inline">A minimum of four copies of the complete text of the referendum measure shall be made available in each polling place for the voters to review. Each voter shall be informed by the poll judges and clerks at each polling place that copies of the complete text are available to review in the polling place.</text></paragraph> 
<paragraph id="H638E63691BC1463DABCE85EBEFA141CA"><enum>(6)</enum><text display-inline="yes-display-inline">Dispute of an official title, descriptive summary or brief statement of legal effect may be determined by a hearing before the Election Board. A dispute must be raised 7 days before the election and a decision on the dispute must be rendered by 3 days before the election.</text></paragraph></section> 
<section id="H8667BD83F9B747B7A652B11FB90C9D0D"><enum>7.</enum><header>Conduct of elections</header> 
<subsection id="H40A60F3C3BA846BE834B29219250D3C3"><enum>(a)</enum><header>Polling Place supervision; appeal by persons not allowed To vote</header> 
<paragraph id="H4E74829BBCEE407D9F0784AB7CE85A41"><enum>(1)</enum><header>Poll judge</header><text display-inline="yes-display-inline">Before an election, the President of each Utah Navajo Chapter shall hire at least one independent poll judge, provide such poll judge with necessary instruction, swearing in, and transport the ballot boxes and voting machines to the polling places for each election community. The poll judge shall—</text> 
<subparagraph id="HE01B3CBF0D43404BAC98E9B17DACB27D"><enum>(A)</enum><text>guard the polls;</text></subparagraph> 
<subparagraph id="HFFE70776BC484957AA49F9B6506B162B"><enum>(B)</enum><text>maintain order;</text></subparagraph> 
<subparagraph id="H3D1E69097F9F45A6A6BE963D6D03B5DA"><enum>(C)</enum><text>instruct voters in the techniques of balloting;</text></subparagraph> 
<subparagraph id="H75BF0CB8FE7E420480F2C3173F878FF2"><enum>(D)</enum><text>retain custody of the account for all ballots, the ballot box, and the poll books; and</text></subparagraph> 
<subparagraph id="H6595238253214D90928616F078353FFC"><enum>(E)</enum><text>supervise and have supervisory authority over any assistant judges and poll clerks in guarding the polls.</text></subparagraph></paragraph> 
<paragraph id="HC7F1A1FEF65746869F2E448A788DE8CE"><enum>(2)</enum><header>Poll clerk</header><text display-inline="yes-display-inline">Each Utah Navajo Chapter shall hire a poll clerk to enter each voter in the poll books and issue ballots.</text></paragraph> 
<paragraph id="HE5CAE74A3AF444AFAE1C92A2B6316D66"><enum>(3)</enum><header>Polling place</header><text display-inline="yes-display-inline">A voter must vote at the polling place where he or she is registered to vote.</text></paragraph> 
<paragraph id="HF9990C7C2DED41209DC0A350163603CE"><enum>(4)</enum><header>Appeal of voting eligibility</header><text display-inline="yes-display-inline">Any person who is not allowed to vote may appeal to the Election Board immediately, whose decision shall be final.</text></paragraph></subsection> 
<subsection id="H4BEDDB58B9BF471D9183323E100F3303"><enum>(b)</enum><header>Time</header><text display-inline="yes-display-inline">Voting shall begin at 6:00 a.m. and shall end at 7:00 p.m. All voters present at the poll places and in line to vote at 7:00 p.m. shall be allowed to vote.</text></subsection> 
<subsection id="H20F118C870B245A8BD48AC3B2E9C4850"><enum>(c)</enum><header>Counting of Votes</header><text display-inline="yes-display-inline">At the close of the election, the poll judge at each polling place shall tabulate the results of the balloting, seal and lock the ballot boxes with the poll books and keys in the ballot boxes, and transmit the results of the balloting to the Election Board via telephone or radio communications and in writing. A poll watcher shall be allowed at all times during the balloting and during the counting of the votes.</text></subsection> 
<subsection id="H2A726566F55C481CB31B8FACA220A396"><enum>(d)</enum><header>Canvass of votes; recount</header> 
<paragraph id="HD36AD4B17387448180989BF0516AEA17"><enum>(1)</enum><header>Items forwarded to election board</header><text display-inline="yes-display-inline">Each poll judge shall forward to the Election Board for distribution the following:</text> 
<subparagraph id="HB49DE020F188470A81F8F0493B3C50AF"><enum>(A)</enum><text>Sealed ballot boxes containing all of the ballots cast in the election.</text></subparagraph> 
<subparagraph id="H7AA8912367EB4F07AEC4A49C93D090B3"><enum>(B)</enum><text>All unused or spoiled ballots.</text></subparagraph> 
<subparagraph id="H0C09E77703FF43FF8A24E908EA7974D8"><enum>(C)</enum><text>Data packs.</text></subparagraph> 
<subparagraph id="H910FADA59D624FBDA53A818B74441503"><enum>(D)</enum><text>Keys.</text></subparagraph> 
<subparagraph id="H089AD3DC68444989B619CE54F9530029"><enum>(E)</enum><text>A written statement of the election results on a form provided by the Election Board and certified by the poll judge at each polling place.</text></subparagraph> 
<subparagraph id="H280430CD5D3D4D2C947EE226C04BAC06"><enum>(F)</enum><text>The list of beneficiaries in the Chapter.</text></subparagraph></paragraph> 
<paragraph id="HD4D1B45218544F8A9A65C38E0C84A8C2"><enum>(2)</enum><header>Canvass</header><text display-inline="yes-display-inline">The Election Board shall—</text> 
<subparagraph id="H7E901720D8FC44FD83A96A84659100A4"><enum>(A)</enum><text>canvass the written statements of election results from each polling place; and</text></subparagraph> 
<subparagraph id="H9CA8F020B7B841A1865D7E049B074E64"><enum>(B)</enum><text>total the election results.</text></subparagraph></paragraph> 
<paragraph id="H22B0BF462A9B418D85649E7527050E0C"><enum>(3)</enum><header>Recount</header><text display-inline="yes-display-inline">No recount of ballots of any polling place shall be made unless, not later than 10 days after the election, a registered voter who voted on the referendum objects and the Election Board sees sufficient reason to recount the election results. The Election Board may, on its own initiative, conduct a recount of the votes of any polling place if the Election Board determines that there may have been substantial irregularity in the voting or counting of the ballots. The Election Board may use the poll judge to assist in canvassing and recounting ballots.</text></paragraph></subsection> 
<subsection id="HA0FD295F97FE41F09E1361818F671B6A"><enum>(e)</enum><header>Certification of election</header><text display-inline="yes-display-inline">Not less than 10 days following an election, the Election Board shall certify the election results.</text></subsection> 
<subsection id="HB17A700F66E24427AFEB7148147868E2"><enum>(f)</enum><header>Appeal of disputed elections</header> 
<paragraph id="H576858A58E1B4A0C83296961107785D7"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">A disputed election may be appealed, in writing, to the Election Board by an eligible beneficiary who voted in the referendum election not later than 10 calendar days after the election. </text></paragraph> 
<paragraph id="HA3D12D7F36FD4DC7BD343C697F44E04B"><enum>(2)</enum><header>Rules and regulations</header><text display-inline="yes-display-inline">The Election Board shall—</text> 
<subparagraph id="HE63BB5ED01FC49C5A6B890062D4192D2"><enum>(A)</enum><text>issue rules and regulations for the determination of how such disputes shall be handled; and</text></subparagraph> 
<subparagraph id="HE46EDD38E53E466C948DD3BAA559441A"><enum>(B)</enum><text>pursuant to rules and regulations issued under subparagraph (A), issue a decision upholding or vacating disputed elections.</text></subparagraph></paragraph></subsection></section> 
<section id="HF45FA39151D044A3841190B563CAB53B"><enum>8.</enum><header>Effect of Utah Navajo Trust Fund Commission election</header> 
<subsection id="HF9FC5DED3CF34204A14F84AB74F549D2"><enum>(a)</enum><header>Binding</header><text display-inline="yes-display-inline">Each Chapter’s vote on a representative for the Utah Navajo Trust Fund Commission shall be binding and have the effect of law.</text></subsection> 
<subsection id="H4165D26ECC504160975C0B71312A823D"><enum>(b)</enum><header>Selection amended or repealed</header><text display-inline="yes-display-inline">The selection of a representative for the Utah Navajo Trust Fund Commission by this referendum election shall be amended or repealed only—</text> 
<paragraph id="H152314DA4BDF4EC293AEEE93A4325FA0"><enum>(1)</enum><text display-inline="yes-display-inline"> when the term ends;</text></paragraph> 
<paragraph id="HFD861335ACBA40438E8390838C18E733"><enum>(2)</enum><text display-inline="yes-display-inline">by the outcome of a vote on a subsequent referendum or initiative election by a Chapter concerning the same subject matter as that of the referendum which originally adopted the legislation; or</text></paragraph> 
<paragraph id="HD1F32BE6C179477A83E00960266A919E"><enum>(3)</enum><text display-inline="yes-display-inline">if the United States Congress effectively amends or repeals this Act.</text></paragraph></subsection></section> 
<section id="H22D0329298D841459AEAD12E105CEA46"><enum>9.</enum><header>Application requirements</header><text display-inline="no-display-inline">Candidates for representative to the Utah Navajo Trust Fund Commission shall attest that he or she has not been convicted at any time of an offense of dishonest conduct against, or arising out of, any Federal, State, or Navajo Nation law.</text> </section> 
<section id="H40A1C9ECFA9C48D6B0EF196D2968CB01"><enum>10.</enum><header>Utah Navajo Trust Fund Commission</header> 
<subsection id="H5B7D144E8CFF4FA0BA474EFE3428673A"><enum>(a)</enum><header>Establishment</header><text display-inline="yes-display-inline">Not later than 90 days after the date of the enactment of this Act, there shall be established a Utah Navajo Trust Fund Commission.</text></subsection> 
<subsection id="HB716278588764981B18B2330355BD5B4" commented="no"><enum>(b)</enum><header>Members; terms</header><text display-inline="yes-display-inline">The Commission shall have 7 members, composed of one member elected by each of the 7 Utah Navajo Chapters. Each member shall serve for a term of 4 years.</text></subsection> 
<subsection id="HDFE190C9B6194C6390C34EC8E2161FC3"><enum>(c)</enum><header>Duties</header><text display-inline="yes-display-inline">The Commission shall—</text> 
<paragraph id="H107F7B2D043A429DAF0BA2BD19E36BCA"><enum>(1)</enum><text>select by at least a <fraction>5/7</fraction> vote an independent Trust Administrator for the Utah Navajo Trust Fund that meets the requirements of this Act and that has no conflict of interest with the Commission;</text></paragraph> 
<paragraph id="HACF349BE0E03452296FC275A5F788E19"><enum>(2)</enum><text>ensure that amounts in the Trust are invested, managed, and administered for the health, education, and general welfare of the beneficiaries;</text></paragraph> 
<paragraph id="H467BB37388C64F3584B3B1FC62840E05"><enum>(3)</enum><text>establish written investment goals, objectives, and guidelines for the investment of the Trust assets, determine projects to fund, define rules of eligibility, establish applications, and monitor implementation of the Utah Navajo Trust Fund;</text></paragraph> 
<paragraph id="H6753E360E3B9473BAF9E0CE437EE6FCD"><enum>(4)</enum><text>authorize expenditure of amounts in the Utah Navajo Trust Fund for approved projects only;</text></paragraph> 
<paragraph id="HE7A994F1FF874C2496D976C3E00BD6F9"><enum>(5)</enum><text>report to the beneficiaries through each Chapter on—</text> 
<subparagraph id="HC9E9225253114D1FA4E0A68727C81169"><enum>(A)</enum><text>details of recommended expenditures as they relate to community purposes;</text></subparagraph> 
<subparagraph id="H5C39E076FF294F339E651B99CB42C54C"><enum>(B)</enum><text>the achievement of the objectives of the Utah Navajo Trust Fund; and</text></subparagraph> 
<subparagraph id="H20BD2103129544FD88222E5951205E16"><enum>(C)</enum><text>future projects, plans, and programs under consideration;</text></subparagraph></paragraph> 
<paragraph id="H02B2FDEE68994C0A8C785168A17CF2A3"><enum>(6)</enum><text>have a thorough understanding of this Act;</text></paragraph> 
<paragraph id="H7F8BFD82AD8A45CBA4104EA9205D3823"><enum>(7)</enum><text>ensure that not more than 5 percent of the amounts in the Utah Navajo Trust Fund in any fiscal year are expended on administrative costs of the Commission and the Trust Administrator;</text></paragraph> 
<paragraph id="H6CB7DF24778A49429A76C592525E9A5D"><enum>(8)</enum><text>not use Trust assets for the personal use of the Commission members;</text></paragraph> 
<paragraph id="HAEF161DD19B54EDEA0E6026581783B6E"><enum>(9)</enum><text>obtain an annual independent audit of the Utah Navajo Trust Fund;</text></paragraph> 
<paragraph id="H27150036E7504011B49D40637E77D6CD"><enum>(10)</enum><text>report to the beneficiaries through each Chapter—</text> 
<subparagraph id="H9F124520560E462BAEEFD5014B9064AB"><enum>(A)</enum><text>on the audit obtained by the Commission and the Trust Administrator;</text></subparagraph> 
<subparagraph id="H57453EA8BE4643DDB87105334FDBD380"><enum>(B)</enum><text>the use of the Trust property for implementation and community purposes as provided in this Act and the annual assessment required by this section; and</text></subparagraph> 
<subparagraph id="H42370A13CB3747BA97C9B3C96171A76B"><enum>(C)</enum><text>the investment of the Trust property, including compliance with the objectives of the Trust and results for each year;</text></subparagraph></paragraph> 
<paragraph id="H6247EF49DF1C405EB7E5ED64F7C89A14"><enum>(11)</enum><text>establishing and making available to the beneficiaries policies and procedures for Trust Fund management and accounting;</text></paragraph> 
<paragraph id="HAC8131FAF2764A15B9AC069035704A9A"><enum>(12)</enum><text>providing adequate staffing, supervision, and training for Trust Fund management and accounting;</text></paragraph> 
<paragraph id="H7E5629B91C3C47D6BCA08DD431557D82"><enum>(13)</enum><text>prepare and maintain a census of beneficiaries based on data and documentation provided by the Chapters;</text></paragraph> 
<paragraph id="H2D2621547F1A423EA0C2ECD708362062"><enum>(14)</enum><text>administer its duties pursuant to this Act in offices located in Montezuma Creek on the Navajo Nation Reservation in San Juan County, Utah;</text></paragraph> 
<paragraph id="HEA5CA5B477B14054AC1B2725A0D0DEA7"><enum>(15)</enum><text>establish a process by which the beneficiaries can apply for health, education, and housing assistance;</text></paragraph> 
<paragraph id="HAC91D664ACFC4A7E82F68AD022816098"><enum>(16)</enum><text>ensure that Navajos living outside of the Navajo Nation in San Juan County, Utah, remain eligible for educational assistance from the Trust Fund;</text></paragraph> 
<paragraph id="HF7E9343EA587473EA3294938CDF1C58D"><enum>(17)</enum><text>to make rules to govern its operations, employ professional staff, and contract with outside advisers to provide legal or other services necessary for the proper administration of this Act; and</text></paragraph> 
<paragraph id="H3799CDD8927946428B4AA185A0A3D96C"><enum>(18)</enum><text>maintain records of Commission meetings, decisions, and accounts.</text></paragraph></subsection> 
<subsection id="HF775B3B64B9D4E80A72128F239375F4B"><enum>(d)</enum><header>Authorities</header><text display-inline="yes-display-inline">The Commission may—</text> 
<paragraph id="H569DA83AFD18415BA5B4F6CCBBB1E08E"><enum>(1)</enum><text>retain independent advisors to assist it in the formulation and adoption of its investment guidelines; and</text></paragraph> 
<paragraph id="H65008C85306044058EA9CF5ABF4BAF41"><enum>(2)</enum><text>hire employees as necessary to assist in carrying out the Commission’s duties under this Act.</text></paragraph></subsection> 
<subsection id="HA3AE64E2CC094867B8766BAAD8582388"><enum>(e)</enum><header>Applicable law</header><text>The Commission, its officers, agents, and employees shall be subject to the laws of the State of Utah and shall undertake its duties in accordance with the laws of the State of Utah. In the absence of more specific statutory duties and responsibilities under Federal or State law, common law duties shall govern the administration of the Trust.</text></subsection> 
<subsection id="HFD9F1536AB334D458904D1324CD32B8D"><enum>(f)</enum><header>Status under certain laws</header><text>The Commission, its officers, agents, and employees shall not be a department, agency, or instrumentality of the Government of the United States and shall not be subject to title 31, United States Code. The Commission, and its officers, employees, and agents shall not be considered officers, employees, or agents of the Government of the United States.</text></subsection> 
<subsection id="HB3648336272F47688F6868F6B0BF103F"><enum>(g)</enum><header>Uses of Trust Assets</header><text>Not later than 60 days after receipt of the Trust assets pursuant to section 12, and annually thereafter, the Commission shall conduct an annual assessment to determine the eligible uses of Trust assets and modify uses based on assessment analysis results. Trust assets may only be used for the health, education, and welfare of the beneficiaries.</text></subsection> 
<subsection id="HC2AD1D09757947D9B86D738095B2DA70"><enum>(h)</enum><header>Assessment</header><text>The term <term>assessment</term> means taking one of the following actions to assess the health, education, and general welfare needs of the beneficiaries—</text> 
<paragraph id="HE142CC9CC3E740C38230DC45BE045784"><enum>(1)</enum><text>a survey of the beneficiaries that includes—</text> 
<subparagraph id="H006E11CA13164C8B9D614057EBE4CEF5"><enum>(A)</enum><text>a random sample large enough to secure an accurate representation of their needs; and</text></subparagraph> 
<subparagraph id="H64F60D9CAF99433E823DF57A0CA0530A"><enum>(B)</enum><text>a response rate large enough to provide an accurate representation of those needs;</text></subparagraph></paragraph> 
<paragraph id="HB7B3C0916EC743DF873967D475E48ED9"><enum>(2)</enum><text>at least three public hearings held to survey and solicit beneficiary needs that are advertised for two weeks before the hearing by—</text> 
<subparagraph id="HA65B4F9F60AE43A98E04462260D55614"><enum>(A)</enum><text>announcements by the Utah Navajo Chapters, if allowed by the Chapter;</text></subparagraph> 
<subparagraph id="HA30F8CB46A054B44983DDD83FE8DC464"><enum>(B)</enum><text>notice posted in the Chapter buildings and other public locations, if allowed by the Chapter;</text></subparagraph> 
<subparagraph id="HED6A841843494820BC9ED7819F44B99E"><enum>(C)</enum><text>notice of the meeting announced on the radio or television; and</text></subparagraph> 
<subparagraph id="HD6BBC3FDF0C545E19580E7A4ABD9700D"><enum>(D)</enum><text>notice of the meeting published at least once per week for two consecutive weeks in any newspaper of reservation wide and San Juan County wide circulation; or</text></subparagraph></paragraph> 
<paragraph id="HA41247E7E46F4FD5A7D04FAF25C258E5"><enum>(3)</enum><text>a physical inventory—</text> 
<subparagraph id="H122AF90502C2412F87C842A266B9C6E6"><enum>(A)</enum><text>conducted by the Commission; and</text></subparagraph> 
<subparagraph id="HEB9314EB465546B38CDD082905881B3D"><enum>(B)</enum><text>coordinated with—</text> 
<clause id="HFE7FAFD1EBFB4E58A2269BA9CDB9F957"><enum>(i)</enum><text>each Utah Navajo Chapter;</text></clause> 
<clause id="HD10862280D1847DBAE045389483EC248"><enum>(ii)</enum><text>other sources; and</text></clause> 
<clause id="H694FA16290334670A52F91D5DAEB5906"><enum>(iii)</enum><text>conducted to determine needs including—</text> 
<subclause id="HF3944BED79634714B735F506C6FF7086"><enum>(I)</enum><text>the number and capacity of public facilities;</text></subclause> 
<subclause id="HA85B7EB2BAFD4072991EEA91811489D8"><enum>(II)</enum><text>the extent of graveled and paved—</text> 
<item id="HE96EDF4CF0C6442C9CD46074C4A2DB79"><enum>(aa)</enum><text display-inline="yes-display-inline">roads; or</text></item> 
<item id="HE8AFCD8A69954BC48692932CE17FFDF2"><enum>(bb)</enum><text display-inline="yes-display-inline">airstrips;</text></item></subclause> 
<subclause id="HB70D3F2EA541474E86F9478D7F32DFAF"><enum>(III)</enum><text>the inventory of water resources;</text></subclause> 
<subclause id="H02A8B3A0F90B4FFAAD72A69D3A487C6A"><enum>(IV)</enum><text>the extent of residential electrical power distribution; and</text></subclause> 
<subclause id="H45F7F6AB92DD41A893DBB5F020B7E1CC"><enum>(V)</enum><text>the number and condition of housing units.</text></subclause></clause></subparagraph></paragraph></subsection> 
<subsection id="HAF35E79BADD9459FA262408F836C0628"><enum>(i)</enum><header>Assessment analysis results</header><text display-inline="yes-display-inline">The term <term>assessment analysis results</term> means the analysis—</text> 
<paragraph id="H6FBFBBA1FE1F49A1A9A1E52F645261BD"><enum>(1)</enum><text>of the results of the assessment required by this section; and</text></paragraph> 
<paragraph id="H6E3AE1039C3047909668D62274F11AE1"><enum>(2)</enum><text>that is developed by the Commission in accordance with this section.</text></paragraph></subsection></section> 
<section id="H021DB639D44C47D6A44C9A23C721C3FA"><enum>11.</enum><header>Utah Navajo Trust Fund Trust Administrator</header> 
<subsection id="HA91818CC1781435BB501E9BC1F2D5F31"><enum>(a)</enum><header>Duties</header><text>The Trust Administrator selected by the Commission under section 10 shall—</text> 
<paragraph id="HC2711FCC6844491AADFE144F53C8A585"><enum>(1)</enum><text>have a thorough understanding of this Act, and other policies, procedures, or documents prepared by the Commission;</text></paragraph> 
<paragraph id="H62CC3C8F2BBD4F26B3262E8E6EE1CF74"><enum>(2)</enum><text>provide professional financial management services to assist the Commission in the investment and administration of the Utah Navajo Trust Fund;</text></paragraph> 
<paragraph id="HF8A6ADE604A64AC2B0C605429ED5182D"><enum>(3)</enum><text>receive and pay out of the Utah Navajo Trust Fund in accordance with funding directions received from the Commission and Trust administration fees and expenses approved by the Commission;</text></paragraph> 
<paragraph id="H856FA29694DD4E62B027DF27FD049DA2"><enum>(4)</enum><text>in conjunction with the Commission, obtain an independent annual audit of the Utah Navajo Trust Fund;</text></paragraph> 
<paragraph id="H757F8621A9D54B73A0D03D1E284E9488"><enum>(5)</enum><text>report to the Commission and the Chapters on—</text> 
<subparagraph id="H5ECFCB5F239C4F379C4D829643D71DEB"><enum>(A)</enum><text>the audit;</text></subparagraph> 
<subparagraph id="H259804B185654A51AFE21E78FA204ACD"><enum>(B)</enum><text>the use of the Trust Property for the health, education, and welfare purposes as provided in this Act and the annual assessment required by section 10; and</text></subparagraph> 
<subparagraph id="HBDB13D462DBE48319D80D5FA1B18ADF4"><enum>(C)</enum><text>the investment of the Trust property, including compliance with the objectives of the Trust and results for each year;</text></subparagraph></paragraph> 
<paragraph id="HFC1AF95105A44F19BB6A06497E12CFA4"><enum>(6)</enum><text>invest the assets of the Trust in a manner consistent with the investment guidelines developed by the Commission;</text></paragraph> 
<paragraph id="H10483193C5BE4D0A9C2588E8A460559C"><enum>(7)</enum><text>provide for adequate systems for accounting for and reporting Trust Fund balances;</text></paragraph> 
<paragraph id="HB397B3AA45074C189851C645684F2C6B"><enum>(8)</enum><text>provide for adequate controls over receipts and disbursements;</text></paragraph> 
<paragraph id="HAF88E491D7194BC79B10F0A0058214FF"><enum>(9)</enum><text>provide for periodic, timely reconciliations of financial records to ensure the accuracy of account information;</text></paragraph> 
<paragraph id="H5984BD8F3146453D92A2181B91C1501A"><enum>(10)</enum><text>determine accurate cash balances;</text></paragraph> 
<paragraph id="HD802C31C6BF848DB9D191B05B217094B"><enum>(11)</enum><text>prepare and supply to the Commission periodic account statements; and</text></paragraph> 
<paragraph id="HEC8A6B21FB0045FCB95D3D02AAC3C0FD"><enum>(12)</enum><text>provide adequate staffing, supervision, and training for Trust Fund management and accounting.</text></paragraph></subsection> 
<subsection id="H58B331EB5B0149C0ACD0175CDB8CA212"><enum>(b)</enum><header>Compensation</header><text>The Trust Administrator may be compensated for such services on a fixed contract fee basis or on such other terms and conditions as are reasonable and customary for such services.</text></subsection> 
<subsection id="H737481CF3F3A43D0994C047D20F660E7"><enum>(c)</enum><header>Removal</header><text>The Trust Administrator may be removed by a majority vote of the Commission for illegal conduct, laundering money, abusing funds, or upon at least a <fraction>5/7</fraction> vote of the Commission for any reason.</text></subsection> 
<subsection id="H2F2EE5845A9A445DB59EE766DCFD8D04"><enum>(d)</enum><header>Applicable law</header><text>The Trust Administrator, its officers, agents, and employees shall be subject to the laws of the State of Utah. The Trust Administrator, its officers, agents, and employees shall take any actions in accordance with the laws of the State of Utah. In the absence of more specific statutory duties and responsibilities under Federal or State law, common law duties shall govern the administration of the Trust.</text></subsection> 
<subsection id="HED9FFDA399194589ADB6524CF75B9354"><enum>(e)</enum><header>Status under certain laws</header><text>The Trust Administrator, its officers, agents, and employees shall not be a department, agency, or instrumentality of the Government of the United States and shall not be subject to title 31, United States Code. The Financial Trustee and its officers, employees, and agents shall not be considered officers, employees, or agents of the Government of the United States.</text></subsection></section> 
<section id="HE41E78649796429BB7E7BE4BB96A8504"><enum>12.</enum><header>Establishment of trust</header> 
<subsection id="HDEBC7E8CF42B4B2FB83DA59DC13F0CC0"><enum>(a)</enum><header>Audit</header><text display-inline="yes-display-inline">Not later than 90 days after selection of a Trust Administrator by the Utah Navajo Trust Fund Commission in accordance with this Act, the State of Utah shall prepare an audit and accounting of the Trust assets in the Utah Navajo Trust Fund, as established and administered by the State of Utah prior to passage of this Act. Not later than 120 days after selection of a Trust Administrator by the Utah Navajo Trust Fund Commission, the State of Utah shall transfer the Trust assets to the Trust Administrator selected pursuant to this Act. The Trust Administrator shall establish the Utah Navajo Trust Fund with the assets transferred from the State of Utah.</text></subsection> 
<subsection id="H0FAB059EF53D489A81FC3659654355BB"><enum>(b)</enum><header>Judgments</header><text>Any judgments awarded the beneficiaries against the State by a court after the date of transfer of the assets specified in subsection (a) shall be transferred into the Trust Fund not later than 90 days after any final judgment against the State.</text></subsection></section> 
<section id="H27F8E5E4E1CB442FB1595CB0C4FDF8FA"><enum>13.</enum><header>Fiduciary standards of the trustee</header><text display-inline="no-display-inline"> The Commission and the Trust Administrator and their officers, agents, and employees shall discharge their duties with respect to the Trust assets solely in the interest of the Utah Navajo Trust Fund and through it, the beneficiaries of the Trust—</text> 
<paragraph id="H938BEA390B47467E87CB0727FBC2DE50"><enum>(1)</enum><text>for the exclusive purpose of—</text> 
<subparagraph id="H0D501D293B0B4015B61C94641C2003C7"><enum>(A)</enum><text>providing benefits to the beneficiaries; and</text></subparagraph> 
<subparagraph id="HBB0AE27D978046ECADCF16A278B4A9EC"><enum>(B)</enum><text>defraying reasonable expenses of administering the functions of the Trust, not to exceed 5 per cent per annum;</text></subparagraph></paragraph> 
<paragraph id="H7546B55346FE48A5AF08FCDFAAAC72A4"><enum>(2)</enum><text>by diversifying investments so as to minimize the risk of large losses and to avoid disproportionate influence over a particular industry or firm, unless under the circumstances it is clearly prudent not to do so;</text></paragraph> 
<paragraph id="HE55763A47385450983864B121488F4B0"><enum>(3)</enum><text>in accordance with this Act;</text></paragraph> 
<paragraph id="HE539A8A0D5FD4F168F98065E536EC6CF"><enum>(4)</enum><text>in choosing and contracting for professional investment management services and in continuing the use of an investment manager, the Commission must act prudently and in the interest of the beneficiaries;</text></paragraph> 
<paragraph id="H273E2C4CF32F4C19ABA75174D4587722"><enum>(5)</enum><text>using the highest degree of care, skill, prudence, diligence, and loyalty to—</text> 
<subparagraph id="HDDAF1428DEC7484F95739ABA71A7B9E7"><enum>(A)</enum><text>protect and preserve the trust assets from loss, damage, unlawful alienation, waste, and depletion;</text></subparagraph> 
<subparagraph id="HBCEED05B9D6842B9A1BB09C668326D80"><enum>(B)</enum><text>ensure that management of Trust assets promotes the interest of the beneficial owner, and supports the eligible use of the assets specified in this Act;</text></subparagraph> 
<subparagraph id="H28B9DE7887734BA6B082CE2E4D12FB49"><enum>(C)</enum><text>enforce the terms of all leases or other agreements that provide for the use of Trust assets, and take appropriate steps to remedy trespass on Trust assets; and</text></subparagraph> 
<subparagraph id="HDE9988C67BAD4C369EF3EEFA0186234B"><enum>(D)</enum><text>account for and identify, collect, deposit, and invest, in a timely manner, income due or held on behalf of the beneficiaries and in accordance with this Act;</text></subparagraph></paragraph> 
<paragraph id="H4155352635AD41EA9FBC796D917424FE"><enum>(6)</enum><text>maintain a verifiable system of records that, at a minimum, is capable of identifying, with respect to a Trust asset—</text> 
<subparagraph id="H2B9A94C241ED4982B78AE1D3A5492789"><enum>(A)</enum><text>the location of the Trust asset;</text></subparagraph> 
<subparagraph id="H971925457C4945EEB035470D0A111B2D"><enum>(B)</enum><text>any legal encumbrances (such as leases or permits) applicable to the Trust asset;</text></subparagraph> 
<subparagraph id="HAC4C3051AE954C3D9FE3772A4713F684"><enum>(C)</enum><text>the user of the Trust asset;</text></subparagraph> 
<subparagraph id="H293EE0AB4BEB4283944CC67923639E2B"><enum>(D)</enum><text>any rent or other payments made;</text></subparagraph> 
<subparagraph id="H277CF792D6F441E2B981AD844A3B0D2F"><enum>(E)</enum><text>the value of land and resources associated with the Trust asset;</text></subparagraph> 
<subparagraph id="H2E0C15A28FE1480A88831B08562964D9"><enum>(F)</enum><text>dates of collections, deposits, transfers, disbursements, imposition of third-party obligations, statements of earnings, investment instruments, and closure of all accounts relating to the trust fund asset;</text></subparagraph> 
<subparagraph id="H622EB02001364052B4816FF55B0957B0"><enum>(G)</enum><text>documents pertaining to actions taken to prevent or compensate for any diminishment of a Trust asset; and</text></subparagraph> 
<subparagraph id="H564F7ADE4DCD41029CAC4C957C7937B8"><enum>(H)</enum><text>documents that evidence the management and disposition of a Trust asset;</text></subparagraph></paragraph> 
<paragraph id="H8D6390E4D49C44D5A05207FAD6D539C4"><enum>(7)</enum><text>establish and maintain a system of records that permits beneficiaries to obtain information regarding Trust assets in a timely manner;</text></paragraph> 
<paragraph id="HFB51ABAC5E2E447499686864665A5E32"><enum>(8)</enum><text>invest Trust funds to ensure that the Trust remains reasonably productive for the beneficiaries consistent with market conditions existing at the time at which investment is made; and</text></paragraph> 
<paragraph id="H37BB26ABED3F400BAB30A225E5620643"><enum>(9)</enum><text>communicate with beneficiaries regarding the management and administration of Trust assets.</text></paragraph></section> 
<section id="H8A399CBA1306474CB4BF60D9DE44D1DF"><enum>14.</enum><header>Prohibitions with respect to the Trust</header> 
<subsection id="H76D3DD88F6A043A6955516FC7E9F9451"><enum>(a)</enum><header>In general</header><text>The Commission and the Trust Administrator and their officers, agents, and employees shall not—</text> 
<paragraph id="HB5A189E5416A4647B97F1EB108C84034"><enum>(1)</enum><text>deal with the assets of the Trust in their own interest;</text></paragraph> 
<paragraph id="H7DCFED8E23FC43CAAE45D06DBA760E4C"><enum>(2)</enum><text>in an individual or in any other capacity act in any transaction involving the assets of the Trust on behalf of a party (or represent a party) whose interests are adverse to the interests of the Trust or the interests of the beneficiaries; or</text></paragraph> 
<paragraph id="H2F602953571D4977AAD3DD53CD07BC25"><enum>(3)</enum><text>receive any consideration for their own personal account from any party dealing with the assets of the Trust.</text></paragraph></subsection> 
<subsection id="HFEDC173AE57049AB9071B78B3DA1DC20"><enum>(b)</enum><header>Liability</header><text>Any provision in an agreement or instrument that purports to relieve the Commission or the Trust Administrator from responsibility or liability for a responsibility, obligation, or duty under this Act shall be void. Nothing in this Act shall preclude—</text> 
<paragraph id="H1047C0AF1A584FFF9C77622E1B5435B6"><enum>(1)</enum><text>the Trust from purchasing insurance for the Commission or Trust Administrator or for itself to cover liability or losses occurring by reason of the act or omission of the Commission or Trust Administrator if such insurance permits recourse by the insurer against the Commission or Trust Administrator in the case of a breach of fiduciary obligation by such Commission or Trust Administrator; or</text></paragraph> 
<paragraph id="H77CE21573CCD4A5FAD6B38006586C63F"><enum>(2)</enum><text>the Commission or Trust Administrator from purchasing insurance to cover liability under this Act from and for their own account.</text></paragraph></subsection> 
<subsection id="HDD287B98326E4021A819173812F261CF"><enum>(c)</enum><header>Limitation on administrative fee use</header><text>The Commission or Trust Administrator may not use Trust Funds, nor claim as administrative costs, funds used to lobby any Federal, State, or tribal government nor to travel outside of the boundaries of the Navajo Nation other than necessary to meet with investment advisors or auditors or to maintain real property owned by the Trust Fund at the time of passage of this Act.</text></subsection></section> 
<section id="H0A49FB90616747B6B668A43CAB5C9E19"><enum>15.</enum><header>Liability and bonding</header><text display-inline="no-display-inline"> The Commission or Trust Administrator and their officers, employees, and agents who handle funds or other property of the Trust (hereafter in this subsection referred to as <quote>Trust officials</quote>) shall be bonded. Such bond shall provide protection to the Trust against loss by reason of acts of fraud or dishonesty on the part of any Trust official, directly or through the connivance of others, and shall be in accordance with the following:</text> 
<paragraph id="H734051C705EA48DD9B4E9DB50C07CC97"><enum>(1)</enum><text>The amount of such bond shall be fixed at the beginning of each fiscal year of the Trust by the Utah Navajo Trust Fund Commission. Such amount shall not be less than 10 percent of the amount of the funds handled.</text></paragraph> 
<paragraph id="H757887FDACCF4DAFA0AA6A4A9F050291"><enum>(2)</enum><text>It shall be unlawful for any Trust official to receive, handle, disburse, or otherwise exercise custody or control of any of the funds or other property of the Trust without being bonded as required by this subsection and it shall be unlawful for any Trust official, or any other person having authority to direct the performance of such functions, or any of them, to be performed by any Trust official, with respect to whom the requirements of this subsection have not been met.</text></paragraph> 
<paragraph id="HFEFB998F548043FFA26A48EF66AD1080"><enum>(3)</enum><text>It shall be unlawful for any person to procure any bond required by this subsection from any surety or other company or through any agent or broker in whose business operations such person has any control or significant financial interest, direct or indirect.</text></paragraph></section> 
<section id="H8C7601C839454118A4A9F7B3F286C771"><enum>16.</enum><header>Audit and report</header> 
<subsection id="H4D5C2B2A2DAD43B3BC5E69ACCF9F3700"><enum>(a)</enum><header>In general</header><text>The Trust Administrator shall account for the daily and annual balances of all Trust funds.</text></subsection> 
<subsection id="H32126ED9D2B749E4B5A5B4B537628A1C"><enum>(b)</enum><header>Periodic statement of performance</header> 
<paragraph id="H55345635E86149509111937BEDC46FC7"><enum>(1)</enum><header>In general</header><text>Not later than 20 business days after the close of the second calendar quarter after the date the State transfers the assets in section 12, and not later than 20 business days after the close of each calendar quarter thereafter, the Trust Administrator shall provide to the beneficiaries, through the Commission and each Chapter, for whom the Financial Trustee manages the Trust assets, a statement of performance for the Trust funds. Such periodic Statement of Performance shall be published in a newspaper of San Juan countywide and reservation wide circulation and contain a summary of the statement.</text></paragraph> 
<paragraph id="H044A85FB5373458B94C0D2CD1AA81585"><enum>(2)</enum><header>Requirements</header><text>Each statement under subparagraph (A) shall identify, with respect to the period covered by the statement—</text> 
<subparagraph id="HCC12C43A01764AF58DCBB7A7B09129C5"><enum>(A)</enum><text>the source, type, and status of the funds;</text></subparagraph> 
<subparagraph id="HE40C616C62AF40CABE3D867A34101691"><enum>(B)</enum><text>the beginning balance of the funds;</text></subparagraph> 
<subparagraph id="H64773A50F15A43849BC192D67A4739F8"><enum>(C)</enum><text>the gains and losses of the funds;</text></subparagraph> 
<subparagraph id="H948B975F5A0442EFBAD8D62AAE87FEF9"><enum>(D)</enum><text>receipts and disbursements of the funds; and</text></subparagraph> 
<subparagraph id="HC65BA09178C146018019DD3BD1D1FDD1"><enum>(E)</enum><text>the ending balance of the funds.</text></subparagraph></paragraph></subsection> 
<subsection id="HEF190568900341CAB5F8243F597C2579"><enum>(c)</enum><header>Audits</header><text>With respect to each account containing Trust assets, the Trust Administrator shall conduct, for each fiscal year, an audit of all trust funds; and include, in the first statement of performance after completion of the audit, a letter describing the results of the audit.</text></subsection> 
<subsection id="HA450F0650B44490890BECF917D84239B"><enum>(d)</enum><header>Independent audits</header><text>The Trust shall annually engage an independent qualified public accountant to audit the financial statements of the Trust.</text></subsection></section> 
<section id="H80C6A4816E934574BA8114437A5CBAA0"><enum>17.</enum><header>Eligible beneficiaries</header><text display-inline="no-display-inline"> The Commission shall establish and maintain a census of eligible beneficiaries within 60 days of the enactment of this Act. All individuals listed on the census shall meet the criteria for beneficiaries defined in this Act.</text></section> 
<section id="H9B27398C7CE642858EA4E9C5E00DC323"><enum>18.</enum><header>Enforcement</header><text display-inline="no-display-inline"> The Commission and the Trust Administrator shall be liable for any mismanagement, waste, fraud, abuse, or other claims, actions, or inaction and may be named as a defendant in any action pursuant to this Act. By accepting the election results for the Commission or the selection as the Trust Administrator, each submits to the jurisdiction and consents to suit for all proceedings arising from or related to performance of their duties under this Act, in the United States District Court for the State of Utah. One or more beneficiaries or the United States Government may bring a civil action to enjoin any act or practice by the Commission or the Trust Administrator or their employees or agents that violates any provision of this Act; or to obtain other appropriate relief to redress such violations, or to enforce any provisions of this Act. Express cause of action and normal equitable remedies shall be available.</text></section> 
<section id="HA2CDF700C9AF4F77807A50C8FF3F7420"><enum>19.</enum><header>Liability of the United States</header> 
<subsection id="H093A3500A0494A7CB9A5494D70D4543E"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Nothing in this Act is intended to create a cause of action against the United States or to allow to be maintained in any court any potential breach-of-trust actions brought by or on behalf of the beneficiaries of the Utah Navajo Trust Fund for equitable, monetary, or Administrative Procedure Act-based relief against the United States whether or not such claims specifically assert an alleged breach of trust, call for an accounting, or seek declaratory relief. The United States shall not be liable for any actions or inactions of the Commission or the Trust Administrator.</text></subsection> 
<subsection id="HC148F790F4374481B0C6131918F056DB"><enum>(b)</enum><header>Certain liability</header><text>Notwithstanding subsection (a), nothing in this Act shall affect the liability of the United States for misdeeds by the United States when it had control over Trust assets.</text></subsection></section> 
</legis-body> 
</bill> 
