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 an Investment Fund to be held in trust by the Council for the benefit of the tribe. Requires the principal from such fund to be used exclusively for investments and 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. Permits the tribe, without approval of the Secretary of the Interior, to adopt any amendments to the constitution of the tribe which were approved by the Tribal Council on a specified date. Requires the Secretary to transfer to the Tribal Council certain judgment funds awarded to the Saginaw Chippewa Indian Tribe of Michigan in satisfaction of specified claims. Absolves the Secretary of 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. Permits the tribe, under specified conditions, to waive its sovereign immunity and to consent to the civil jurisdiction of Michigan courts with regard to the use of the Fund as security for indebtedness. Requires the Secretary to transfer to the Tribal Council all or any portion of undistributed funds appropriated in satisfaction of a specified judgment awarded to the tribe. Sets forth specified requirements with respect to such funds.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

6 official files

• Public Law (PDF)

  Public Law · EN · 1 July 1986

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 10 June 1986

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 20 March 1986

  Open at official source

• Passed Senate amended

  summary · EN · 31 July 1985

  Open at official source

• Reported to Senate with amendment(s)

  summary · EN · 30 July 1985

  Open at official source

• Introduced in Senate

  summary · EN · 8 May 1985

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.