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U.S. Code as of:
01/19/04
Section 155b. Proceeds of labor accounts; deposits limited to funds held in trust for Indian tribes or individuals
Except in the case of funds held in trust for Indian tribes or
individuals, the funds available for expenditure under the "Indian
moneys, proceeds of labor" accounts authorized by section 155 of
this title may be expended until September 30, 1982 for any purpose
for which funds are appropriated under the subheading "Operation of
Indian Programs".
No funds shall be deposited in such "Indian money, proceeds of
labor" (IMPL) accounts after September 30, 1982. The unobligated
balance in IMPL accounts as of the close of business on September
30, 1982, including the income resulting from the investment of
funds from such accounts prior to such date, shall be transferred
to and held in escrow accounts at the locations of the IMPL
accounts from which they are transferred. Funds in such escrow
accounts may be invested as provided in section 162a of this title
and the investment income added to such accounts. The Secretary
shall determine no later than September 30, 1985 (after
consultation with appropriate tribes and individual Indians) the
extent to which the funds held in such escrow accounts represent
income from the investment of special deposits relating to specific
tribes or individual Indians. Upon such a determination by the
Secretary and express acceptance of the determination by the
beneficiary, the Secretary shall transfer such funds to trust
accounts for such tribes or individual Indians. Not more than ten
percent of the funds transferred to trust accounts for any tribe or
individual Indian under this provision may be utilized to pay for
legal or other representation relating to claims for such funds.
Not to exceed two percent of the funds transferred from the IMPL
accounts shall be available to reimburse the Bureau of Indian
Affairs for administrative expenses incurred in determining
ownership of the funds. Acceptance of a determination by the
Secretary and the transfer of funds under this provision shall
constitute a complete release and waiver of any and all claims by
the beneficiary against the United States relating to the
unobligated balance of IMPL accounts as of the close of business on
September 30, 1982. During the period of October 1, 1985 through
September 30, 1987, or earlier if a Secretarial determination on
ownership and appropriate fund transfers has been completed, the
funds remaining in such escrow accounts because they have not been
transferred to trust accounts, may be expended subject to the
approval of the Secretary for any purpose authorized under section
13 of this title and requested by the respective governing bodies
of the tribes at the locations where such accounts are maintained.
The unobligated balances of such escrow accounts as of the close of
business on September 30, 1987, shall be deposited into
miscellaneous receipts of the Treasury.
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