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-CITE-
25 USC Sec. 1300i-3 01/06/03

-EXPCITE-
TITLE 25 - INDIANS
CHAPTER 14 - MISCELLANEOUS
SUBCHAPTER LXXX - HOOPA-YUROK SETTLEMENT

-HEAD-
Sec. 1300i-3. Hoopa-Yurok Settlement Fund

-STATUTE-
(a) Establishment
(1) There is hereby established the Hoopa-Yurok Settlement Fund.
Upon enactment of this subchapter, the Secretary shall cause all
the funds in the escrow funds, together with all accrued income
thereon, to be deposited into the Settlement Fund.
(2) Until the distribution is made to the Hoopa Valley Tribe
pursuant to section (!1) (c), the Secretary may distribute to the
Hoopa Valley Tribe, pursuant to section 123c of this title, not to
exceed $3,500,000 each fiscal year out of the income or principal
of the Settlement Fund for tribal, non per capita purposes:
Provided, however, That the Settlement Fund apportioned under
subsections (c) and (d) of this section shall be calculated without
regard to this subparagraph, but any amounts distributed under this
subparagraph shall be deducted from the payment to the Hoopa Valley
Tribe pursuant to subsection (c) of this section.

(3) Until the distribution is made to the Yurok Tribe pursuant to
section (!1) (d), the Secretary may, in addition to providing
Federal funding, distribute to the Yurok Transition Team, pursuant
to section 123c of this title, not to exceed $500,000 each fiscal
year out of the income and principal of the Settlement Fund for
tribal, non per capita purposes: Provided, however, That the
Settlement Fund apportioned under subsections (c) and (d) of this
section shall be calculated without regard to this subparagraph,
but any amounts distributed under this subparagraph shall be
deducted from the payment to the Yurok Tribe pursuant to subsection
(d) of this section.
(b) Distribution; investment
The Secretary shall make distribution from the Settlement Fund as
provided in this subchapter and, pending payments under section
1300i-5 of this title and dissolution of the fund as provided in
section 1300i-6 of this title, shall invest and administer such
fund as Indian trust funds pursuant to section 162a of this title.
(c) Hoopa Valley Tribe portion
Effective with the publication of the option election date
pursuant to section 1300i-5(a)(4) of this title, the Secretary
shall immediately pay out of the Settlement Fund into a trust
account for the benefit of the Hoopa Valley Tribe a percentage of
the Settlement Fund which shall be determined by dividing the
number of enrolled members of the Hoopa Valley Tribe as of the date
of the promulgation of the Settlement Roll, including any persons
enrolled pursuant to section 1300i-5 of this title, by the sum of
the number of such enrolled Hoopa Valley tribal members and the
number of persons on the Settlement Roll.
(d) Yurok Tribe portion
Effective with the publication of the option election date
pursuant to section 1300i-5(a)(4) of this title, the Secretary
shall pay out of the Settlement Fund into a trust account for the
benefit of the Yurok Tribe a percentage of the Settlement Fund
which shall be determined by dividing the number of persons on the
Settlement Roll electing the Yurok Tribal Membership Option
pursuant to section 1300i-5(c) of this title by the sum of the
number of the enrolled Hoopa Valley tribal members established
pursuant to subsection (c) of this section and the number of
persons on the Settlement Roll, less any amount paid out of the
Settlement Fund pursuant to section 1300i-5(c)(3) of this title.
(e) Federal share
There is hereby authorized to be appropriated the sum of
$10,000,000 which shall be deposited into the Settlement Fund after
the payments are made pursuant to subsections (c) and (d) of this
section and section 1300i-5(c) of this title. The Settlement Fund,
including the amount deposited pursuant to this subsection and all
income earned subsequent to the payments made pursuant to
subsections (c) and (d) of this section and section 1300i-5(c) of
this title, shall be available to make the payments authorized by
section 1300i-5(d) of this title.

-SOURCE-
(Pub. L. 100-580, Sec. 4, Oct. 31, 1988, 102 Stat. 2927.)

-SECREF-
SECTION REFERRED TO IN OTHER SECTIONS
This section is referred to in sections 1300i, 1300i-1, 1300i-4,
1300i-6 of this title.

-FOOTNOTE-
(!1) So in original. Probably should be "subsection".

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