Title 25 — Indians
Chapter 42 — American Indian Trust Fund Management Reform
§ 4046. Advisory board
Statutory text
Establishment and membership
Notwithstanding any other provision of law, the Special Trustee shall establish an advisory board to provide advice on all matters within the jurisdiction of the Special Trustee. The advisory board shall consist of nine members, appointed by the Special Trustee after consultation with Indian tribes and appropriate Indian organizations, of which—
five members shall represent trust fund account holders, including both tribal and Individual Indian Money accounts;
two members shall have practical experience in trust fund and financial management;
one member shall have practical experience in fiduciary investment management; and
one member, from academia, shall have knowledge of general management of large organizations.
Term
Each member shall serve a term of two years.
Chapter 10 of title 5
The advisory board shall not be subject to chapter 10 of title 5.
Termination
The advisory board shall terminate upon termination of the Office of Special Trustee.
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 III § 306 · 108 Stat. 4239
Enacted · 25 U.S.C. § 4046
Pub. L. 103–412, title III, § 306, Oct. 25, 1994, 108 Stat. 4249
Source evidence
Code source credit
Pub. L. 103–412, title III, § 306, Oct. 25, 1994, 108 Stat. 4249Enacted provision · exact public law section
SEC. 306. ADVISORY BOARD. (a) Establishment and Membership.— Notwithstanding any other provision of law, the Special Trustee shall establish an advisory board to provide advice on all matters within the jurisdiction of the Special Trustee. The advisory board shall consist of nine members, appointed by the Special Trustee after consultation with Indian tribes and appropriate Indian organizations, of which— (1) five members shall represent trust fund account holders, including both tribal and Individual Indian Money accounts; (2) two members shall have practical experience in trust fund and financial management; (3) one member shall have practical experience in fiduciary investment management; and (4) one member, from academia, shall have knowledge of general management of large organizations. (b) Term.— Each member shall serve a term of two years. (c) FACA.— The advisory board shall not be subject to the Federal Advisory Committee Act. (d) Termination.— The Advisory Board shall terminate upon termination of the Office of Special Trustee.An Act to restore Federal services to the Pokagon Band of Potawatomi Indians
Pub. L. 104–109 § 6(b) · 110 Stat. 763
Substituted · 25 U.S.C. § 4046(d)
Pub. L. 104–109 substituted “advisory board” for “Advisory Board”
Source evidence
Code amendment note
Subsec. (d). Pub. L. 104–109 substituted “advisory board” for “Advisory Board”.Enacted provision · exact public law section
(b) Advisory Board.— Section 306(d) of the Indian Trust Fund Management Reform Act of 1994 (25 U.S.C. 4046(d); 108 Stat. 4249) is amended by striking “Advisory Board” and inserting “advisory board”.Pub. L. 117–286 § 4(a)(184) · 136 Stat. 4196
Substituted · 25 U.S.C. § 4046(c)
Pub. L. 117–286 substituted “Chapter 10 of title 5” for “FACA” in text
Substituted · 25 U.S.C. § 4046(c)
Pub. L. 117–286 substituted “chapter 10 of title 5.” for “the Federal Advisory Committee Act.” in text
Source evidence
Code amendment note
Subsec. (c). Pub. L. 117–286 substituted “Chapter 10 of title 5” for “FACA” in heading and “chapter 10 of title 5.” for “the Federal Advisory Committee Act.” in text.Enacted provision · exact public law section
(184) Section 306(c) of the American Indian Trust Fund Management Reform Act of 1994 (25 U.S.C. 4046(c)) is amended— (A) in the subsection heading, by striking “FACA” and inserting “Chapter 10 of Title 5, United States Code”; and (B) in text, by striking “the Federal Advisory Committee Act.” and inserting “chapter 10 of title 5, United States Code.”.
4 of 4 references resolved to an enrolled provision
Editorial Notes
Amendments1996–2022 · 2 rounds
2022
Subsec. (c). Pub. L. 117–286 substituted “Chapter 10 of title 5” for “FACA” in heading and “chapter 10 of title 5.” for “the Federal Advisory Committee Act.” in text.
1996
Subsec. (d). Pub. L. 104–109 substituted “advisory board” for “Advisory Board”.
Statutory Notes and Related Subsidiaries
Appointment of New Members
Pub. L. 108–7, div. F, title I, § 133, , 117 Stat. 243, provided that: “Within 90 days of enactment of this Act [] the Special Trustee for American Indians, in consultation with the Secretary of the Interior and the Tribes, shall appoint new members to the Special Trustee Advisory Board.”
Credits
1994–2022 · 3 acts
- 1994Pub. L. 103–412, title III, § 306, , 108 Stat. 4249
- 1996Pub. L. 104–109, § 6(b), , 110 Stat. 764
- 2022Pub. L. 117–286, § 4(a)(184), , 136 Stat. 4326.
Show as published
(Pub. L. 103–412, title III, § 306, , 108 Stat. 4249; Pub. L. 104–109, § 6(b), , 110 Stat. 764; Pub. L. 117–286, § 4(a)(184), , 136 Stat. 4326.)