Title 25 › CHAPTER 4 — PERFORMANCE BY UNITED STATES OF OBLIGATIONS TO INDIANS › SUBCHAPTER III — DEPOSIT, CARE, AND INVESTMENT OF INDIAN MONEYS › § 155b
Money left in "Indian moneys, proceeds of labor" (IMPL) accounts, except money already held in trust, could be spent for Operation of Indian Programs only until September 30, 1982. No new deposits were allowed in IMPL accounts after that date. Any unused money in those accounts at the close of business on September 30, 1982, including earnings made before that date, must be moved into escrow accounts where the original accounts were. Those escrow funds can be invested under the rules in section 162a and the earnings added back. The Secretary must decide by September 30, 1985, after talking with tribes and individuals, which escrow amounts are investment income tied to particular tribes or people. If the Secretary decides and the beneficiary accepts, the money is moved into trust accounts for that tribe or person. Up to 10% of each transfer may pay legal or claim-related representation, and up to 2% may reimburse the Bureau of Indian Affairs for admin costs. Acceptance and transfer end any claims against the United States about the IMPL money as of September 30, 1982. From October 1, 1985, through September 30, 1987 (or earlier if transfers are done), any escrow funds not moved may be spent for purposes the law allows if the tribe asks and the Secretary approves. Any unused escrow money left at the close of business on September 30, 1987, goes into the Treasury’s miscellaneous receipts.
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Indians, Source: USLM XML via OLRC
Legislative History
Reference
Citation
25 U.S.C. § 155b
Title 25, Indians
Last Updated
Aug 21, 2026
Release point: 119-102