§ 1294. — Apportionment, credit, and disposition of funds.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1294]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER LXXI--DELAWARE TRIBE AND ABSENTEE DELAWARE TRIBE OF WESTERN
OKLAHOMA: DISTRIBUTION OF JUDGMENT FUND
Sec. 1294. Apportionment, credit, and disposition of funds
(a) Authority of Secretary
The Secretary of the Interior shall apportion to the Absentee
Delaware Tribe of Western Oklahoma, as presently constituted, so much of
the judgment fund and accrued interest as the ratio of the persons
enrolled pursuant to section 1292(c)(2) of this title bears to the total
number of persons enrolled pursuant to section 1292 of this title. The
funds so apportioned to the Absentee Delaware Tribe of Western Oklahoma
shall be placed to the credit of the tribe in the United States Treasury
and shall be used in the following manner: 90 per centum of such funds
shall be distributed in equal shares to each person enrolled pursuant to
section 1292(c)(2) of this title, and 10 per centum shall remain to the
credit of the tribe in the United States Treasury, and may be advanced,
expended, invested, or reinvested for any purpose that is authorized by
the tribal governing body and approved by the Secretary of the Interior.
(b) Manner of payment
The funds not apportioned to the Absentee Delaware Tribe of Western
Oklahoma shall be placed to the credit of the Delaware Tribe of Indians
in the United States Treasury and shall be used in the following manner:
90 per centum of such funds shall be distributed in equal shares to each
person enrolled pursuant to section 1292(c)(1) of this title, and 10 per
centum shall remain to the credit of the tribe in the United States
Treasury and may be advanced, expended, invested, or reinvested for any
purpose that is authorized by the tribal governing body: Provided, That
the Secretary of the Interior shall not approve the use of the funds
remaining to the credit of the tribe until the tribe has organized a
legal entity which in the judgment of the Secretary adequately protects
the interests of its members.
(Pub. L. 92-456, Sec. 4, Oct. 3, 1972, 86 Stat. 762.)
