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S. 648 — what changed

Technical Correction to the Shoshone-Paiute Tribes of the Duck Valley Reservation Water Rights Settlement Act of 2021

From Introduced in Senate to Reported in Senate. 1 section amended between Introduced in Senate and Reported in Senate.

Sec. 2 Authorization of payment of adjusted interest on Development Fund

added Section 10807(b)(3) of the Omnibus Public Land Management Act of 2009 (Public Law 111–11; 123 Stat. 1409) is amended—

removed Section 10807 of the Omnibus Public Land Management Act of 2009 (Public Law 111–11; 123 Stat. 1408) is amended—

(1)
removed in subsection (b)(3)—
(A)
removed by striking “There is” and inserting the following:

removed “(A) In general—There is”

(B)
removed by adding at the end the following:

removed “(B) 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—

removed “(i) the Act of April 1, 1880 (21 Stat. 70, chapter 41; 25 U.S.C. 161); and

removed “(ii) the first section of the Act of June 24, 1938 (52 Stat. 1037, chapter 648; 25 U.S.C. 162a).”

(2)
removed in subsection (c)(3)—
(1)
renumbered was (4)(2) by striking “There is” and inserting the following:

“(A) In general—There is”

(2)
renumbered was (4)(3) by adding at the end the following:

added “(B) Adjusted interest payments—There is authorized to be appropriated to the Secretary for deposit into the Development Fund $5,124,902.12.”

removed “(B) 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—

removed “(i) the Act of April 1, 1880 (21 Stat. 70, chapter 41; 25 U.S.C. 161); and

removed “(ii) the first section of the Act of June 24, 1938 (52 Stat. 1037, chapter 648; 25 U.S.C. 162a).”