§398b Proceeds From Rentals, Royalties, and Bonuses; Disposition

Summary

Money from rentals, royalties, and bonuses on oil and gas leases on lands in Indian reservations or withdrawals made by Executive Order must go into the U.S. Treasury for the tribe for whom the land was set aside or who live there. The money earns 4 percent interest per year and Congress may approve spending it to supervise oil and gas work and for the tribe’s benefit. The tribe or its tribal council must be consulted about how the money is spent. No per-person payments can be made unless Congress passes a law allowing them.