United States Government Publishing Office publisher pbl distributor dst United States Congress House of Representatives author aut Government Organization text government publication eng CRPT Congressional Committee Materials 108_cong_reports legislative 2010-08-09 U.S. Government Printing Office 2003-11-17 monographic deposited born digital 5 digital object pages Y 1.1/8: https://www.govinfo.gov/app/details/CRPT-108hrpt367 P0b002ee1803461a0 f:hr367.108.txt DGPO 2010-08-09 2024-11-09 CRPT-108hrpt367 machine generated eng fdlp Report to accompany H.R. 2425, including cost estimate of the Congressional Budget Office, The Committee on Resources, to whom was referred the bill (H.R. 2425) to provide for the use and distribution of the funds awarded to the Quinault indian Nation under United States Claims Court Dockets 772-71, 773-71, 774-71, and 775-71, and for other purposes, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. DISTRIBUTION OF JUDGMENT FUNDS. (a) Funds to Be Deposited into Separate Accounts.-- (1) in general.--Subject to section 2, not later than 30 days after the date of enactment of this Act, the funds appropriated on September 19, 1989, in satisfaction of an award granted to the Quinault indian Nation under Dockets 772-71, 773-71, 774- 71, and 775-71 before the United States Claims Court, less attorney fees and litigation expenses, and including all interest accrued to the date of disbursement, shall be distributed by the Secretary and deposited into 3 separate accounts to be established and maintained by the Quinault indian Nation (referred to in this Act as the ``Tribe'') in accordance with this subsection. (2) Account for principal amount.-- (A) in general.--The Tribe shall-- (i) establish an account for the principal amount of the judgment funds; and (ii) use those funds to establish a Permanent Fisheries Fund. (B) Use and investment.--The principal amount described in subparagraph (A)(i)-- (i) except as provided in subparagraph (A)(ii), shall not be expended by the Tribe; and (ii) shall be invested by the Tribe in accordance with the investment policy of the Tribe. (3) Account for investment income.-- (A) in general.--The Tribe shall establish an account for, and deposit in the account, all investment income earned on amounts in the Permanent Fisheries Fund established under paragraph (2)(A)(ii) after the date of distribution of the funds to the Tribe under paragraph (1). (B) Use of funds.--Funds deposited in the account established under subparagraph (A) shall be available to the Tribe-- (i) subject to subparagraph (C), to carry out fisheries enhancement projects; and (ii) pay expenses incurred in administering the Permanent Fisheries Fund established under paragraph (2)(A)(ii). (C) Specification of projects.--Each fisheries enhancement project carried out under subparagraph (B)(i) shall be specified in the approved annual budget of the Tribe. (4) Account for income on judgment funds.-- (A) in general.--The Tribe shall establish an account for, and deposit in the account, all investment income earned on the judgment funds described in subsection (a) during the period beginning on September 19, 1989, and ending on the date of distribution of the funds to the Tribe under paragraph (1). (B) Use of funds.-- (i) in general.--Subject to clause (ii), funds deposited in the account established under subparagraph (A) shall be available to the Tribe for use in carrying out tribal government activities. (ii) Specification of activities.--Each tribal government activity carried out under clause (i) shall be specified in the approved annual budget of the Tribe. (b) Determination of Amount of Funds Available.--Subject to compliance by the Tribe with paragraphs (3)(C) and (4)(B)(ii) of subsection (a), the Quinault Business Committee, as the governing body of the Tribe, may determine the amount of funds available for expenditure under paragraphs (3) and (4) of subsection (a). (c) Annual Audit.--The records and investment activities of the 3 accounts established under subsection (a) shall-- (1) be maintained separately by the Tribe; and (2) be subject to an annual audit. (d) Reporting of investment Activities and Expenditures.--Not later than 120 days after the date on which each fiscal year of the Tribe ends, the Tribe shall make available to members of the Tribe a full accounting of the investment activities and expenditures of the Tribe with respect to each fund established under this section (which may be in the form of the annual audit described in subsection (c)) for the fiscal year. SEC. 2. CONDITIONS FOR DISTRIBUTION. (a) United States Liability.--On disbursement to the Tribe of the funds under section 1(a), the United States shall bear no trust responsibility or liability for the investment, supervision, administration, or expenditure of the funds. (b) Application of Other Law.--All funds distributed under this Act shall be subject to section 7 of the indian Tribal Judgment Funds Use or Distribution Act (25 U.S.C. 1407). PURPOSE OF THE BILL HRPT CRPT-108hrpt367 HOUSE 108 367 1 false true https://www.govinfo.gov/app/details/CRPT-108hrpt367 https://www.govinfo.gov/content/pkg/CRPT-108hrpt367/html/CRPT-108hrpt367.htm https://www.govinfo.gov/content/pkg/CRPT-108hrpt367/pdf/CRPT-108hrpt367.pdf H. Rept. 108-367 The Committee on Resources, to whom was referred the bill (H.R. 2425) to provide for the use and distribution of the funds awarded to the Quinault Indian Nation under United States Claims Court Dockets 772-71, 773-71, 774-71, and 775-71, and for other purposes, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. PROVIDING FOR THE USE AND DISTRIBUTION OF THE FUNDS AWARDED TO THE QUINAULT INDIAN NATION UNDER UNITED STATES CLAIMS COURT DOCKETS 772-71, 773-71, 774-71, AND 775-71, AND FOR OTHER PURPOSES;H. Rept. 108-367 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed FIRSTPART CRPT-108hrpt367 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed 1 The Committee on Resources, to whom was referred the bill (H.R. 2425) to provide for the use and distribution of the funds awarded to the Quinault Indian Nation under United States Claims Court Dockets 772-71, 773-71, 774-71, and 775-71, and for other purposes, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. Mr. Pombo, from the Committee on Resources, submitted the following Committee on Resources Resources Mr. Pombo Richard W. Pombo Pombo, Richard W. Richard Pombo

H.R. 2425, 108th Richard W. Pombo United States House of Representatives sponsor spn United States Congress Member United States Congress House of Representatives Committee on Resources associated name asn Government Organization S. 523 108 OTHER H.R. 2425 108 OTHER H.R. 2425 108 PRIMARY Title 25 Section 1402 Title 25 Section 1407 25 U.S.C. 1402 25 U.S.C. 1407 Public Law 104-4 Public Law No 104-4