25 U.S.C. § 4012 — Authority for payment of claims for interest owed

FEDERAL · 25 U.S.C. · Chapter 42

Authority for payment of claims for interest owed

Current through Pub. L. 119-102

Title 25 — Indians·Ch. 42 — AMERICAN INDIAN TRUST FUND MANAGEMENT REFORM·Subch. I

The Secretary shall make payments to an individual Indian in full satisfaction of any claim of such individual for interest on amounts deposited or invested on behalf of such individual before October 25, 1994, retroactive to the date that the Secretary began investing individual Indian monies on a regular basis, to the extent that the claim is identified—

(1)by a reconciliation process of individual Indian money accounts, or

(2)by the individual and presented to the Secretary with supporting documentation, and is verified by the Secretary pursuant to the Department's policy for addressing accountholder losses.

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The Secretary shall make payments to an individual Indian in full satisfaction of any claim of such individual for interest on amounts deposited or invested on behalf of such individual before October 25, 1994, retroactive to the date that the Secretary began investing individual Indian monies on a regular basis, to the extent that the claim is identified—
(1) by a reconciliation process of individual Indian money accounts, or
(2) by the individual and presented to the Secretary with supporting documentation, and is verified by the Secretary pursuant to the Department's policy for addressing accountholder losses.

25 U.S.C. § 4012 (Authority for payment of claims for interest owed) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 103–412, title I, §104, Oct. 25, 1994, 108 Stat. 4241.)

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History