Title 25 — Indians
Chapter 42 — American Indian Trust Fund Management Reform
§ 4012. Authority for payment of claims for interest owed
Statutory text
The Secretary shall make payments to an individual Indian in full satisfaction of any claim of such individual for interest on amounts deposited or invested on behalf of such individual before , retroactive to the date that the Secretary began investing individual Indian monies on a regular basis, to the extent that the claim is identified—
by a reconciliation process of individual Indian money accounts, or
by the individual and presented to the Secretary with supporting documentation, and is verified by the Secretary pursuant to the Department’s policy for addressing accountholder losses.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
American Indian Trust Fund Management Reform Act of 1994
Pub. L. 103–412 title I § 104 · 108 Stat. 4239
Enacted · 25 U.S.C. § 4012
(Pub. L. 103–412, title I, § 104, Oct. 25, 1994, 108 Stat. 4241.)
Source evidence
Code source credit
(Pub. L. 103–412, title I, § 104, Oct. 25, 1994, 108 Stat. 4241.)Enacted provision · exact public law section
SEC. 104. AUTHORITY FOR PAYMENT OF CLAIMS FOR INTEREST OWED. The Secretary shall make payments to an individual Indian in full satisfaction of any claim of such individual for interest on amounts deposited or invested on behalf of such individual before the date of enactment of this Act retroactive to the date that the Secretary began investing individual Indian monies on a regular basis, to the extent that the claim is identified— (1) by a reconciliation process of individual Indian money accounts, or (2) by the individual and presented to the Secretary with supporting documentation, and is verified by the Secretary pursuant to the Department’s policy for addressing accountholder losses.
1 of 1 references resolved to an enrolled provision