§4022 Voluntary Withdrawal From Trust Funds Program

Summary

An Indian tribe can send a plan to take out some or all of the trust money the United States holds for the tribe. The Secretary must approve the plan within 90 days and must get advice from the Special Trustee or, if there is no Special Trustee yet, from the Director of the Office of Trust Fund Management. The plan must be approved by the tribe’s governing body with a resolution. The Secretary must also find the plan reasonable after looking at things like who will manage the money and how the plan will protect the main funds from big losses. Once money is withdrawn, the United States’ trust responsibility or liability for that money ends except as provided in section 4027.