Sec. 5022. Appraisals
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Title XXVI of the Energy Policy Act of 1992 ( 25 U.S.C. 3501 et seq. ) is amended by adding at the end the following: With respect to a transaction involving Indian land or the trust assets of an Indian tribe that requires the approval of the Secretary, any appraisal or other estimates of value relating to fair market value required to be conducted under applicable law, regulation, or policy may be completed by— the Secretary; the affected Indian tribe; or a certified, third-party appraiser pursuant to a contract with the Indian tribe. Not later than 30 days after the date on which the Secretary receives an appraisal conducted by or for an Indian tribe pursuant to paragraph
(2)or
(3)of subsection (a), the Secretary shall— review the appraisal; and provide to the Indian tribe a written notice of approval or disapproval of the appraisal. If the Secretary has failed to approve or disapprove any appraisal by the date that is 60 days after the date on which the appraisal is received, the appraisal shall be deemed approved. An Indian tribe may waive the requirements of subsection
(a)if the Indian tribe provides to the Secretary a written resolution, statement, or other unambiguous indication of tribal intent to waive the requirements that— is duly approved by the governing body of the Indian tribe; and includes an express waiver by the Indian tribe of any claims for damages the Indian tribe might have against the United States as a result of the waiver. The Secretary shall promulgate regulations to implement this section, including standards the Secretary shall use for approving or disapproving an appraisal under subsection (b). . The table of contents of the Energy Policy Act of 1992 ( 42 U.S.C. 13201 note) is amended by adding at the end of the items relating to title XXVI the following: Sec. 2607. Appraisal reforms. .
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