II
Calendar No. 306
117th CONGRESS
2d Session
S. 648
[Report No. 117–93]
IN THE SENATE OF THE UNITED STATES
March 9, 2021
Ms. Cortez Masto (for herself, Mr. Crapo, Mr. Risch, and Ms. Rosen) introduced the following bill; which was read twice and referred to the Committee on Indian Affairs
March 15, 2022
Reported by Mr. Schatz, with an amendment
Omit the part struck through and insert the part printed in italic
A BILL
To amend the Omnibus Public Land Management Act of 2009 to make a technical correction to the water rights settlement for the Shoshone-Paiute Tribes of the Duck Valley Reservation, and for other purposes.
Short title
This Act may be cited as the Technical Correction to the Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights Settlement Act of 2021
.
Authorization of payment of interest on trust funds established under settlement
Section 10807 of the Omnibus Public Land Management Act of 2009 (Public Law 111–11; 123 Stat. 1408) is amended—
in subsection (b)(3)—
by striking There is
and inserting the following:
In general
There is
; and
by adding at the end the following:
Interest payments
There is authorized to be appropriated to the Secretary for deposit into the Development Fund the interest that would have accrued during the period beginning on October 1, 2009, and ending on January 25, 2016, on balances held in the Development Fund, as calculated using the applicable rate for interest-bearing obligations of the United States if the amounts in the Development Fund had been invested in accordance with—
the Act of April 1, 1880 (21 Stat. 70, chapter 41; 25 U.S.C. 161); and
the first section of the Act of June 24, 1938 (52 Stat. 1037, chapter 648; 25 U.S.C. 162a).
; and
in subsection (c)(3)—
by striking There is
and inserting the following:
In general
There is
; and
by adding at the end the following:
Interest payments
There is authorized to be appropriated to the Secretary for deposit into the Maintenance Fund the interest that would have accrued during the period beginning on October 1, 2009, and ending on January 25, 2016, on balances held in the Maintenance Fund, as calculated using the applicable rate for interest-bearing obligations of the United States if the amounts in the Maintenance Fund had been invested in accordance with—
the Act of April 1, 1880 (21 Stat. 70, chapter 41; 25 U.S.C. 161); and
the first section of the Act of June 24, 1938 (52 Stat. 1037, chapter 648; 25 U.S.C. 162a).
.
Authorization of payment of adjusted interest on Development Fund
Section 10807(b)(3) of the Omnibus Public Land Management Act of 2009 (Public Law 111–11; 123 Stat. 1409) is amended—
by striking There is
and inserting the following:
In general
There is
; and
by adding at the end the following:
Adjusted interest payments
There is authorized to be appropriated to the Secretary for deposit into the Development Fund $5,124,902.12.
.
March 15, 2022
Reported with an amendment