To amend the American Indian, Alaska Native, and Native Hawaiian Culture and Art Development Act, and for other purposes.

Summary

Amends the American Indian, Alaska Native, and Native Hawaiian Culture and Art Development Act (the Act) to authorize the Board of Trustees of the Institute of American Indian and Alaska Native Culture and Arts Development to invest annually, on a short term basis to maximize yield and liquidity, a portion of the funds appropriated to the Institute, without regard to any other provision of law regarding the investment of federally appropriated funds. Provides that interest and earnings from such investments may be used by the Institute to carry out its functions. Holds the Board to a reasonable and prudent standard of care in making such investment decisions. Authorizes the Board to obtain insurance to cover all Institute activities, including property and liability insurance coverage, or make other provisions against losses. Directs the Attorney General to issue an opinion as to the applicability to the Institute, and its officers, employees, and students, of all Federal laws providing protection against loss and liability, and the areas in which there is no coverage. Authorizes the President of the Institute to fix the basic compensation of its officers and employees at rates comparable to those at similar institutions of higher education. Requires the Museum of American Indian and Alaska Native Arts to be established within the Institute under the direction of the Institute's President. Holds the Institute responsible for: (1) all obligations incurred by it after June 2, 1988; and (2) actions and requirements, administrative, regulatory, or statutory in nature for events which occurred after July 1, 1988, including submission of reports, audits, and other required information. Makes the Secretary of the Interior responsible for Institute obligations incurred on or before June 2, 1988, including those accrued before that date which became payable within two years of it. Prohibits the United States from seeking monetary damage or repayment for commission of events, or omission to comply with administrative or regulatory requirements, for any action prior to June 2, 1988. Exempts Institute funds from consideration as Federal funds for purposes of certain Federal requirements for non-Federal matching funds for other Federal assistance. Divides the Institute endowment program into a program enhancement endowment and a separate special capital improvement endowment. Allows in-kind contributions and interest from the endowments to be applied toward non-Federal matching requirements. Allows the Federal share of the capital improvement endowment to be removed and used, without penalty, two years after deposit. Directs the Secretary of the Treasury to transfer appropriations for the Institute for FY 1992 and thereafter through the most expeditious method available, with the Institute being designated as its own certifying agency. Authorizes forward funding for Institute programs.

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Documents

8 official files

• Reported to Senate (text)

  Reported to Senate · EN

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• Referred in Senate (text)

  Referred in Senate · EN

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• Introduced in House (text)

  Introduced in House · EN

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• Engrossed in House (text)

  Engrossed in House · EN

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• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN

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• Passed Senate amended

  summary · EN · 4 August 1990

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• Reported to Senate with amendment(s)

  summary · EN · 30 July 1990

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• Introduced in House

  summary · EN · 12 July 1990

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