Saginaw Chippewa Indian Tribe of Michigan Distribution of Judgment Funds Act

Summary

Saginaw Chippewa Indian Tribe of Michigan Distribution of Judgment Funds Act - Authorizes the Saginaw Chippewa Tribe of Michigan, through its Tribal Council, to establish a Principal Investment Fund to be held in trust by the Council for the benefit of the Tribe. Requires the income from such Fund to be used exclusively for tribal economic development or development of tribal resources. Requires a certain percentage of the Fund's net income to be retained and included in its principal. Requires the Fund to be audited once every fiscal year and treats such report as a tribal public document. Requires the Secretary to transfer to the tribe for deposit in the Principal Investment Fund certain judgment funds awarded the Saginaw Chippewa Indian Tribe of Michigan in satisfaction of specified claims. Absolves the Secretary under any further trust responsibility for the funds after such transfer. Exempts payment or distributions from the Fund from State, local, or Federal income tax. Prohibits the consideration of such payments or distributions in determinations to deny or reduce benefits under Federal assistance programs or the Social Security Act.

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Timeline

1. 28 June 1984

   Introduced

   Read twice and referred to the Committee on Indian Affairs.

   Source: IntroReferral

2. 28 June 1984

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 6 August 1984

   Committee

   Committee on Indian Affairs. Hearings held. Hearings printed: S.Hrg. 98-1028.

   Source: Committee

4. 11 September 1984

   Reported

   Committee on Indian Affairs. Ordered to be reported with amendments favorably.

   Source: Committee

5. 18 September 1984

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 1189.

   Source: Calendars

6. 18 September 1984

   Reported

   Committee on Indian Affairs. Reported to Senate by Senator Andrews with amendments. With written report No. 98-608.

   Source: Committee

7. 18 September 1984

   Reported

   Committee on Indian Affairs. Reported to Senate by Senator Andrews with amendments. With written report No. 98-608.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Reported to Senate with amendment(s)

  summary · EN · 18 September 1984

  Open at official source

• Introduced in Senate

  summary · EN · 28 June 1984

  Open at official source

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Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Levin, Carl [D-MI] · D · Sponsor
• · slia00 · Other

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