Indian Tribal Self-Determination in Land Consolidation Act of 2014
A BILL
To amend the Indian Land Consolidation Act to authorize the Secretary of the Interior to contract with eligible Indian tribes to manage land buy-back programs, to authorize that certain amounts be deposited into interest bearing accounts, and for other purposes.
Sec. 2 Indian Land Consolidation Act Amendments
“(D) shall make payments to the tribal government in an amount necessary to carry out any such agreement upon execution of the agreement or, at the discretion of the tribe, consistent with periodic installments under title IV of the Indian Self-Determination Act; and
“(E) shall authorize the tribal government to use any interest earned on such payments to acquire any fractional interest in, or permanent improvements located on, any tract of land which already has one or more trust or restricted fractional interests; and”