§4022 Voluntary withdrawal from trust funds program

Summary

An Indian tribe may submit a plan to take out some or all of the trust funds the United States holds and that the Bureau manages. The Secretary must approve the plan within 90 days after getting advice from the Special Trustee or, if no Special Trustee is in place yet, the Director of the Bureau’s Office of Trust Fund Management. The plan must be approved by the tribe’s governing body and must be reasonable. The Secretary will check things like the people or institutions that will manage the money and whether the plan protects the fund’s main amount from big losses. Once money is withdrawn under an approved plan, the United States stops having trust responsibility or liability for those funds, except as provided in section 4027.