Volume 50
Public Law 75–875
Making further provision with respect to the funds of the Metlakahtla Indians of Alaska.
Approved August 28, 1937
Statutory text
AN ACT
Making further provision with respect to the funds of the Metlakahtla Indians of Alaska.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That revenue
Metlakahtla Indians of Alaska.
Deposit of certain revenues as trust funds, authorized.
derived from leases or other contracts negotiated by the Secretary of the Interior for the benefit of the Metlakahtla Indians and such other persons occupying the Annette Islands Reserve, Alaska, as come within the purview of the Act of March 3, 1891 (26 Stat. 1101), shall
be deposited into the Treasury as trust funds pursuant to the provisions of section 20 of the Permanent Appropriation Repeal Act,
Interest.
1934 (48 Stat. 1224), shall bear interest at the rate of 4 per centum per annum, and shall be subject to expenditure under such rules and regulations as the said Secretary may prescribe.
Sec. 2.
There shall be credited to the trust-fund account so established
Credit of designated funds to trust-fund account.
the excess, if any, of (1) the unexpended balance of the repealed special fund appropriation “5S740 Annette Islands Reserve. Alaska, fund from leases” and (2) the amount of receipts derived from the Annette Islands Reserve, Alaska, covered into the Treasury pursuant to section 4 of the Permanent Appropriation Repeal Act, 1934, over expenditures from appropriations provided for “Expenses, Annette Islands Reserve, Alaska (Receipt Limitation)”, and the
Expenditure.
amount so credited shall be subject to expenditure as prescribed in section 1 hereof.
Sec. 3.
Interest accruing on said trust-fund account shall be
Interest.
available for the same purposes as the principal.
Approved, August 28, 1937.