25 U.S.C. § 4046: Advisory board

Summary

The Special Trustee must create an advisory board and, after talking with Indian tribes and Indian organizations, appoint nine people to give advice. Five must represent trust fund account holders (including tribal and Individual Indian Money), two must have trust or financial management experience, one must have fiduciary investment experience, and one must be an academic who knows how to manage large organizations. Members serve two-year terms. The board is not subject to chapter 10 of title 5 and it ends when the Office of the Special Trustee ends.

Title 25, §4046

Indians, Source: USLM XML via OLRC

(a)Establishment and membership

Notwithstanding any other provision of law, the Special Trustee shall establish an advisory board to provide advice on all matters within the jurisdiction of the Special Trustee. The advisory board shall consist of nine members, appointed by the Special Trustee after consultation with Indian tribes and appropriate Indian organizations, of which—

(1)five members shall represent trust fund account holders, including both tribal and Individual Indian Money accounts;

(2)two members shall have practical experience in trust fund and financial management;

(3)one member shall have practical experience in fiduciary investment management; and

(4)one member, from academia, shall have knowledge of general management of large organizations.

(b)Term

Each member shall serve a term of two years.

(c)Chapter 10 of title 5

The advisory board shall not be subject to chapter 10 of title 5.

(d)Termination

The advisory board shall terminate upon termination of the Office of Special Trustee.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2022—Subsec. (c). Pub. L. 117–286 substituted “Chapter 10 of title 5” for “FACA” in heading and “chapter 10 of title 5.” for “the Federal Advisory Committee Act.” in text. 1996—Subsec. (d). Pub. L. 104–109 substituted “advisory board” for “Advisory Board”.

Statutory Notes and Related Subsidiaries

Appointment of New Members Pub. L. 108–7, div. F, title I, § 133, Feb. 20, 2003, 117 Stat. 243, provided that: “Within 90 days of enactment of this Act [Feb. 20, 2003] the Special Trustee for American Indians, in consultation with the Secretary of the Interior and the Tribes, shall appoint new members to the Special Trustee Advisory Board.”

§4046 Advisory Board