The American Indian Trust Fund Management Reform Act of 1994
tribal-affairs · Bureau of Indian Affairs · Published 1996-12-26 · Effective 1997-01-27 · 61 FR 67931
Document
Document number
96-32738
Federal Register citation
61 FR 67931
Type
Rule
Action
Final rule.
Category
tribal-affairs
Sub-agency
Bureau of Indian Affairs
Publication date
1996-12-26
Effective date
1997-01-27
Abstract
The Office of Special Trustee for American Indians (OST) in the Office of the Secretary of the Interior is promulgating this regulation to implement Title II of Public Law 103-412, the American Indian Trust Fund Management Reform Act of 1994 (the Act). The Act, for the first time, permits American Indian tribes to take tribal funds out of trust status with the Department of the Interior (DOI). The purpose of the Act is to enable tribes to manage the funds by themselves, or with the help of capable commercial fund managers. The regulation affects tribal funds only, not Individual Indian Monies (IIM) funds.