§ 612. — Establishment of trust fund for each tribe; transfer of funds; interest; crediting of revenues, receipts, and proceeds of judgments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC612]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER XIX--SHOSHONE AND ARAPAHO TRIBES OF WYOMING
Sec. 612. Establishment of trust fund for each tribe; transfer
of funds; interest; crediting of revenues, receipts, and
proceeds of judgments
The Secretary of the Treasury, upon request of the Secretary of the
Interior, is authorized and directed to establish a trust fund account
for each tribe and shall make such transfer of funds on the books of his
department as may be necessary to effect the purpose of section 611 of
this title: Provided, That interest shall accrue on the principal fund
only, at the rate of 4 per centum per annum, and shall be credited to
the interest trust fund accounts established by this section: Provided
further, That all future revenues and receipts derived from the Wind
River Reservation under any and all laws, and the proceeds from any
judgment for money against the United States hereafter paid jointly to
the Shoshone and Arapahoe Tribes of the Wind River Reservation, shall be
divided in accordance with section 611 of this title and credited to the
principal trust fund accounts established herein; and the proceeds from
any judgment for money against the United States hereafter paid to
either of the tribes singly shall be credited to the appropriate
principal trust fund account.
(May 19, 1947, ch. 80, Sec. 2, 61 Stat. 102; Aug. 30, 1951, ch. 367,
Sec. 1, 65 Stat. 208; Pub. L. 85-610, Sec. 1, Aug. 8, 1958, 72 Stat.
541.)
Amendments
1958--Pub. L. 85-610 substituted ``Secretary of the Treasury'' for
``Comptroller of the United States'', required division of future
receipts from Reservation and proceeds from judgments paid jointly to
Tribes, and provided for manner of crediting proceeds from judgments
paid to either of Tribes.
1951--Act Aug. 30, 1951, substituted ``any'' for ``existing'' before
``law'' in second proviso.
