§ 398b. — Proceeds from rentals, royalties, and bonuses; disposition.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC398b]
TITLE 25--INDIANS
CHAPTER 12--LEASE, SALE, OR SURRENDER OF ALLOTTED OR UNALLOTTED LANDS
Sec. 398b. Proceeds from rentals, royalties, and bonuses;
disposition
The proceeds from rentals, royalties, or bonuses of oil and gas
leases upon lands within Executive order Indian reservations or
withdrawals shall be deposited in the Treasury of the United States to
the credit of the tribe of Indians for whose benefit the reservation or
withdrawal was created or who are using and occupying the land, and
shall draw interest at the rate of 4 per centum per annum and be
available for appropriation by Congress for expenses in connection with
the supervision of the development and operation of the oil and gas
industry and for the use and benefit of such Indians: Provided, That
said Indians, or their tribal council, shall be consulted in regard to
the expenditure of such money, but no per capita payment shall be made
except by Act of Congress.
(Mar. 3, 1927, ch. 299, Sec. 2, 44 Stat. 1347.)