Sec. 5. Spokane Tribe of Indians Recovery Trust Fund
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There is established in the Treasury of the United States a separate account to be known as the Spokane Tribe of Indians Recovery Trust Fund , consisting of— amounts deposited in the Fund under subsection (b); and any interest earned on investment of amounts in the Fund. On October 1 of the first fiscal year after the date of enactment of this Act, the Secretary of the Treasury shall, from the general fund of the Treasury, deposit in the Fund $53,000,000. The Fund shall be maintained and invested by the Secretary in accordance with the Act of June 24, 1938 (25 U.S.C. 162a). At any time after the date on which the Spokane Business Council has adopted a plan described in subsection
(e)and after amounts are deposited in the Fund, the Spokane Business Council may request that all or a portion of the amounts in the Fund be disbursed to the Spokane Tribe by submitting to the Secretary written notice of the adoption by the Spokane Business Council of a resolution requesting the disbursement. Not later than 60 days after the date on which the Secretary receives notice under paragraph (1), the Secretary shall disburse the amounts requested from the Fund to the Spokane Tribe. Not later than 18 months after the date of enactment of this Act, the Spokane Business Council shall prepare a plan that describes the manner in which the Spokane Tribe intends to use amounts received under subsection
(d)to promote— economic development; infrastructure development; educational, health, recreational, and social welfare objectives of the Spokane Tribe and the members of the Spokane Tribe; or any combination of the activities described in subparagraphs
(A)through (C). The Spokane Business Council shall make available to the members of the Spokane Tribe for review and comment a copy of the plan before the date on which the plan is final, in accordance with procedures established by the Spokane Business Council. The Spokane Business Council may update the plan on an annual basis, subject to the condition that the Spokane Business Council provides the members of the Spokane Tribe an opportunity to review and comment on the updated plan.
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Sec. 5
Spokane Tribe of Indians Recovery Trust Fund
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