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“Amendment SA 3971 agreed to in Senate by Unanimous Consent.”
This amendment clarifies how interest and other money earned from investments should be handled within the water project trust funds. It ensures these earnings are properly included in the financial updates for the Native American communities involved.
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“Amendment SA 3971 agreed to in Senate by Unanimous Consent.”
This amendment clarifies how interest and other money earned from investments should be handled within the water project trust funds. It ensures these earnings are properly included in the financial updates for the Native American communities involved.
Trust funds for water projects often sit in accounts for years; this change ensures that the interest earned on that money is legally accounted for, potentially providing more resources for the intended water infrastructure projects.
The Navajo Nation, Taos Pueblo, and Aamodt Settlement Pueblos are the primary groups affected, as it impacts the total value of their water settlement funds.