[Federal Register Volume 59, Number 209 (Monday, October 31, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26837]


[[Page Unknown]]

[Federal Register: October 31, 1994]


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Part V





Department of the Interior





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Bureau of Indian Affairs



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25 CFR Part 113



Indian Monies, Proceeds of Labor; Final Rule
DEPARTMENT OF THE INTERIOR

Bureau of Indian Affairs

25 CFR Part 113

RIN 1076-AC86

 

Indian Monies, Proceeds of Labor (IMPL)

AGENCY: Bureau of Indian Affairs, Interior.

ACTION: Final rule.

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SUMMARY: The Bureau of Indian Affairs (BIA) is deleting the regulations 
contained in the Code of Federal Regulations pursuant to the public law 
which suspended all deposits to Indian Monies, Proceeds of Labor (IMPL) 
accounts after September 30, 1982. The law eliminated the use of IMPL 
accounts, and since these accounts are no longer in use, they will be 
removed from the BIA accounting system.

EFFECTIVE DATE: November 30, 1994.

FOR FURTHER INFORMATION CONTACT: Mr. Jim Parris, Bureau of Indian 
Affairs, Office of Trust Funds Management, 505 Marquette N.W., Suite 
700, Albuquerque, NM 87102, Telephone Number 505-766-3230.

SUPPLEMENTARY INFORMATION: This rulemaking action deletes Part 113 of 
Subchapter G of Chapter I of Title 25 of the Code of Federal 
Regulations, which contains regulations governing Indian Monies, 
Proceeds of Labor (IMPL) established under the Act of March 3, 1883, as 
amended (25 U.S.C. 155).
    Pursuant to the amendments contained in Public Law 97-257, Title I, 
Section 100, 25 U.S.C. 155 B, which provided that, ``No funds shall be 
deposited in such `Indian monies, proceeds of labor' (IMPL) accounts 
after September 30, 1982,'' all deposits to IMPL accounts were 
discontinued. The unobligated IMPL balances at the close of business on 
September 30, 1982, including the income resulting from investment of 
funds from such accounts prior to such date, were transferred to and 
held in escrow accounts. After consultation with appropriate tribes and 
individual Indians up to September 30, 1985, to determine the extent to 
which the funds held in escrow accounts represented income from the 
investment of ``special deposits'' relating to individual Indians or a 
specific tribe, funds were transferred to appropriate trust accounts 
for individual Indians and tribes during the period of October 1, 1985, 
through September 30, 1987. The unobligated balances of the IMPL escrow 
accounts as of the close of business on September 30, 1987, are to be 
withdrawn and deposited into miscellaneous receipts of the U.S. 
Treasury. The IMPL accounts are to be removed from the Bureau of Indian 
Affairs trust accounting system and are no longer available for use.
    A proposed regulation for 25 CFR 113 was published for public 
comment in the Federal Register on April 7, 1994 (59 FR 16760). After a 
thirty (30) day comment period, no comments were received.
    The Department has certified to the Office of Management and Budget 
that these regulations meet the applicable standards provided in 
Sections 2(a) and 2(b)(2) of Executive Order 12778.
    The Department of the Interior has determined that this document is 
not a significant rule under Executive Order 12866 and therefore will 
not require the approval of the Office of Management and Budget.
    This rule will not have a significant economic impact on a 
substantial number of small entities under the Regulatory Flexibility 
Act (5 U.S.C. 601 et seq.).
    In accordance with Executive Order 12630, the Department has 
determined that this rule does not have significant takings 
implications.
    The Department has determined that this rule does not have 
significant federalism effects.
    The Department has determined that this rule does not constitute a 
major federal action significantly affecting the quality of the human 
environment and that no detailed statement is required pursuant to the 
National Environmental Policy Act of 1969.
    There are no information collection requirements requiring approval 
of the Office of Management and Budget under 44 U.S.C. 3501 et seq.
    The primary author of this proposed rule is Loren J. Farmer, 
Policy, Analysis and Evaluation Staff, Bureau of Indian Affairs, Office 
of Trust Funds Management, 505 Marquette N.W., Suite 700, Albuquerque, 
NM 87102.

List of Subjects in 25 CFR Part 113

    Accounting, Indians--business and finance.

    For reasons set out in the preamble and under the authority of 
Public Law 97-257, Title I, Section 100 (September 30, 1982, 96 Stat. 
839), Part 113 of Title 25, Chapter I of the Code of Federal 
Regulations is removed.

    Dated: October 12, 1994.
Ada E. Deer,
Assistant Secretary--Indian Affairs.
[FR Doc. 94-26837 Filed 10-28-94; 8:45 am]
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